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S 3524 116th Congress Senate Commerce Cardiovascular and respiratory health Civil actions and liability Emergency medical services and trauma care Fraud offenses and financial crimes Government lending and loan guarantees Infectious and parasitic diseases Small business

Coronavirus Credit Expansion Act

Introduced: March 18, 2020 Introduced by: Cotton, Tom Republican · Arkansas See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 18, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Mar 18, 2020
Introduced in Senate
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 Plain-English summary Congressional Research Service

Coronavirus Credit Expansion Act

This bill increases the maximum loan amount for a small business disaster loan made in response to COVID-19 (i.e., coronavirus disease 2019), and it requires the Small Business Administration to expedite the loan approval process for such loans.

The fine for a conviction relating to a fraudulent claim for the payment or approval of such a loan shall be three times the amount of the loan.

What's happening now March 18, 2020

Read twice and referred to the Committee on Small Business and Entrepreneurship.

 Related & companion bills 1
  • HR 6547 Related bill To modify terms related to the economic injury disaster loan program of the Small Business Administration for applicant…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3524: Coronavirus Credit Expansion Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-3524/
MLA
"S. 3524: Coronavirus Credit Expansion Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-3524/.
Bluebook (legal)
S. 3524, 116th Cong. (2026), https://openamerica.io/bill/116-S-3524/.
Markdown link
[S. 3524: Coronavirus Credit Expansion Act](https://openamerica.io/bill/116-S-3524/)
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