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To modify terms related to the economic injury disaster loan program of the Small Business Administration for applicants affected by COVID-19, and for other purposes.

USA116th CongressHR-6547| House 
| Updated: 4/17/2020
Chip Roy

Chip Roy

Republican Representative

Texas

Small Business Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill increases the maximum loan amount for a small business disaster loan made in response to COVID-19 (i.e., coronavirus disease 2019), and it requires the Small Business Administration to expedite the loan approval process for such loans. The fine for a conviction relating to a fraudulent claim for the payment or approval of such a loan shall be three times the amount of the loan.
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Timeline
Apr 17, 2020
Introduced in House
Apr 17, 2020
Referred to the House Committee on Small Business.
  • April 17, 2020
    Introduced in House
  • April 17, 2020
    Referred to the House Committee on Small Business.

Commerce

Related Bills

  • S 116-3524: Coronavirus Credit Expansion Act
Cardiovascular and respiratory healthCivil actions and liabilityEmergency medical services and trauma careFraud offenses and financial crimesGovernment lending and loan guaranteesInfectious and parasitic diseasesSmall business

To modify terms related to the economic injury disaster loan program of the Small Business Administration for applicants affected by COVID-19, and for other purposes.

USA116th CongressHR-6547| House 
| Updated: 4/17/2020
This bill increases the maximum loan amount for a small business disaster loan made in response to COVID-19 (i.e., coronavirus disease 2019), and it requires the Small Business Administration to expedite the loan approval process for such loans. The fine for a conviction relating to a fraudulent claim for the payment or approval of such a loan shall be three times the amount of the loan.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 17, 2020
Introduced in House
Apr 17, 2020
Referred to the House Committee on Small Business.
  • April 17, 2020
    Introduced in House
  • April 17, 2020
    Referred to the House Committee on Small Business.
Chip Roy

Chip Roy

Republican Representative

Texas

Small Business Committee

Commerce

Related Bills

  • S 116-3524: Coronavirus Credit Expansion Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Cardiovascular and respiratory healthCivil actions and liabilityEmergency medical services and trauma careFraud offenses and financial crimesGovernment lending and loan guaranteesInfectious and parasitic diseasesSmall business