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

USA116th CongressHR-6679| House 
| Updated: 5/1/2020
Trent Kelly

Trent Kelly

Republican Representative

Mississippi

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
May 1, 2020
Introduced in House
May 1, 2020
Referred to the House Committee on Financial Services.
  • May 1, 2020
    Introduced in House
  • May 1, 2020
    Referred to the House Committee on Financial Services.

Commerce

Business investment and capitalCardiovascular and respiratory healthEmergency medical services and trauma careGovernment lending and loan guaranteesHealth technology, devices, suppliesInfectious and parasitic diseasesManufacturingSmall business

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

USA116th CongressHR-6679| House 
| Updated: 5/1/2020
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.
View Full Text

Suggested Questions

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

Timeline
May 1, 2020
Introduced in House
May 1, 2020
Referred to the House Committee on Financial Services.
  • May 1, 2020
    Introduced in House
  • May 1, 2020
    Referred to the House Committee on Financial Services.
Trent Kelly

Trent Kelly

Republican Representative

Mississippi

Financial Services Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalCardiovascular and respiratory healthEmergency medical services and trauma careGovernment lending and loan guaranteesHealth technology, devices, suppliesInfectious and parasitic diseasesManufacturingSmall business