This bill expands eligibility for the Paycheck Protection Program, through which the Small Business Administration may temporarily guarantee certain loans to small businesses during the COVID-19 (i.e., coronavirus disease 2019) pandemic, to include (1) financial businesses primarily engaged in the business of lending, and (2) legal gambling businesses.
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Timeline
Introduced in House
Referred to the House Committee on Small Business.
Introduced in House
Referred to the House Committee on Small Business.
Commerce
Bank accounts, deposits, capitalBusiness expensesCardiovascular and respiratory healthCredit and credit marketsEmergency medical services and trauma careGamblingGovernment lending and loan guaranteesInfectious and parasitic diseasesSmall business
To amend the Small Business Act to expand eligibility for the paycheck protection program, and for other purposes.
USA116th CongressHR-6475| House
| Updated: 4/10/2020
This bill expands eligibility for the Paycheck Protection Program, through which the Small Business Administration may temporarily guarantee certain loans to small businesses during the COVID-19 (i.e., coronavirus disease 2019) pandemic, to include (1) financial businesses primarily engaged in the business of lending, and (2) legal gambling businesses.
Bank accounts, deposits, capitalBusiness expensesCardiovascular and respiratory healthCredit and credit marketsEmergency medical services and trauma careGamblingGovernment lending and loan guaranteesInfectious and parasitic diseasesSmall business