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
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
Plain-English summary
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
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committees of jurisdiction
1