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Economic Empowerment for Underserved Communities Act

Introduced: December 11, 2020 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
Dec 11, 2020
Read twice and referred to the Committee on Finance.
Dec 11, 2020
Introduced in Senate
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 Plain-English summary Congressional Research Service

Economic Empowerment for Underserved Communities Act

This bill provides economic assistance to small businesses impacted by COVID-19 (i.e., coronavirus disease 2019), including through (1) the designation of specified amounts for the Community Development Financial Institutions Fund, (2) the establishment of a Small Business and Domestic Production Recovery Investment Facility, and (3) the extension of the requirement that the Small Business Administration subsidize certain loan payments.

What's happening now December 11, 2020

Read twice and referred to the Committee on Finance.

 Related & companion bills 2
  • HR 8120 Related bill Increasing Opportunities for Small Businesses Act of 2020
  • S 750 Related bill New Markets Tax Credit Extension Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Crapo, Mike
Idaho · Dec 11, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 5011: Economic Empowerment for Underserved Communities Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-5011/
MLA
"S. 5011: Economic Empowerment for Underserved Communities Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-5011/.
Bluebook (legal)
S. 5011, 116th Cong. (2026), https://openamerica.io/bill/116-S-5011/.
Markdown link
[S. 5011: Economic Empowerment for Underserved Communities Act](https://openamerica.io/bill/116-S-5011/)
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