To amend the CARES Act to authorize the financing of inventory of American manufactured products by financial institutions, and for other purposes.

United States116th CongressHR-6679House of Representatives
Updated: May 1, 2020

Summary

This bill requires the Department of the Treasury to provide financing for finished products manufactured in the United States by manufacturers with less than 2,000 employees. Such financing may not exceed a certain percentage of sales of the finished products. However, financing of certain American-manufactured items produced in response to COVID-19 (i.e., coronavirus disease 2019) shall not be counted in the calculation of such sales.

Bill texts

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Introduced (House)View official text

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Timeline

  1. Introduced in House

  2. Referred to the House Committee on Financial Services.

    House of Representatives

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