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S 1690 117th Congress Senate Commerce Appropriations Business expenses Cardiovascular and respiratory health Emergency medical services and trauma care Executive agency funding and structure Government lending and loan guarantees Infectious and parasitic diseases Minority and disadvantaged businesses Small Business Administration Small business Unemployment Veterans' education, employment, rehabilitation Wages and earnings Women in business

Keeping Our Promise to Small Businesses Act

Introduced: May 18, 2021 Introduced by: Rosen, Jacky Democratic · Nevada See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
May 18, 2021
Read twice and referred to the Committee on Appropriations.
May 18, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

Keeping Our Promise to Small Businesses Act

This bill provides additional funding to the Small Business Administration (SBA) for the Paycheck Protection Program, which was established to assist small businesses during the COVID-19 pandemic.

Specifically, the bill provides the additional funding for the cost of

  • processing loan applications that were submitted on or before May 4, 2021; and
  • providing guaranteed loans to eligible entities that apply on or before May 31, 2021, have no more than 100 employees, and are located in a state with an unemployment rate of at least 6%.

In guaranteeing the new loans, the SBA must give a preference to entities that are women-, minority-, or veteran-owned.

What's happening now May 18, 2021

Read twice and referred to the Committee on Appropriations.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Schatz, Brian
Hawaii · May 27, 2021
 D
Merkley, Jeff
Oregon · May 26, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1690: Keeping Our Promise to Small Businesses Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-1690/
MLA
"S. 1690: Keeping Our Promise to Small Businesses Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-1690/.
Bluebook (legal)
S. 1690, 117th Cong. (2026), https://openamerica.io/bill/117-S-1690/.
Markdown link
[S. 1690: Keeping Our Promise to Small Businesses Act](https://openamerica.io/bill/117-S-1690/)
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