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S 4227 116th Congress Senate Commerce Appropriations Cardiovascular and respiratory health Congressional oversight Disaster relief and insurance Economic performance and conditions Emergency medical services and trauma care Executive agency funding and structure Government lending and loan guarantees Health programs administration and funding Health promotion and preventive care Infectious and parasitic diseases Small Business Administration Small business

EIDL for Small Businesses Act

Introduced: July 20, 2020 Introduced by: Rosen, Jacky Democratic · Nevada 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 10, 2020
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 116-519.
Jul 20, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Jul 20, 2020
Introduced in Senate
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 Plain-English summary Congressional Research Service

Ensuring Increased Disaster Loans for Small Businesses Act or the EIDL for Small Businesses Act

This bill authorizes and provides funding for additional Small Business Administration (SBA) disaster loans and advances on such loans, and it modifies the requirements for providing such advances.

Specifically, the bill authorizes an additional disaster loan to a prior recipient that received such a loan during the period between January 31, 2020, and December 31, 2020, up to an aggregate amount of $2 million. Further, the bill prohibits the SBA from imposing a maximum loan amount limit that is lower than $2 million for an initial disaster loan.

The bill also requires the SBA to provide a disaster loan applicant with an advance no later than three days after the applicant submits a loan application, regardless of whether such application has been approved by that date. Further, the SBA shall provide a recipient of an additional disaster loan an additional advance such that the total advance amount received by the applicant is $10,000.

What's happening now December 10, 2020

Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 116-519.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 5 Republican 1
D
Warner, Mark R.
Virginia · Sep 10, 2020
 D
Smith, Tina
Minnesota · Jul 29, 2020
 D
Kaine, Tim
Virginia · Jul 28, 2020
 D
Markey, Edward J.
Massachusetts · Jul 23, 2020
 D
Van Hollen, Chris
Maryland · Jul 23, 2020
 R
Cornyn, John
Texas · Jul 20, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4227: EIDL for Small Businesses Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-4227/
MLA
"S. 4227: EIDL for Small Businesses Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-4227/.
Bluebook (legal)
S. 4227, 116th Cong. (2026), https://openamerica.io/bill/116-S-4227/.
Markdown link
[S. 4227: EIDL for Small Businesses Act](https://openamerica.io/bill/116-S-4227/)
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