HR 3202
117th Congress
House
Commerce
Bank accounts, deposits, capital
Cardiovascular and respiratory health
Disaster relief and insurance
Economic performance and conditions
Emergency medical services and trauma care
Government lending and loan guarantees
Infectious and parasitic diseases
Small business
EIDL Oversight Act of 2021
Introduced: May 13, 2021
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 13, 2021
Referred to the House Committee on Small Business.
May 13, 2021
Introduced in House
Plain-English summary
EIDL Oversight Act of 2021
This bill establishes oversight requirements for economic injury disaster loans and advances made on those loans. Such requirements include directing the Small Business Administration (SBA) to (1) ensure that loan and advance proceeds are deposited in a legitimate account of a borrower, (2) ensure that any modification of a request for a loan or an advance is reviewed by an SBA employee, and (3) verify the legitimacy of loan or advance applicants through tax returns or other documentation.
What's happening now
Referred to the House Committee on Small Business.
Committees of jurisdiction
1