To establish a payroll loan facility for small financial institutions affected by COVID-19, and for other purposes.
USA116th CongressHR-6817| House
| Updated: 5/12/2020
Al Green
Democratic Representative
Texas
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill provides specified funds to the Department of the Treasury to establish a payroll loan facility that provides loans to small financial institutions. These loans must offer, to the maximum extent practicable, benefits and assistance similar to the Paycheck Protection Program created in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic. Treasury must also establish a loan forgiveness program for these loans.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
AppropriationsBanking and financial institutions regulationCardiovascular and respiratory healthDepartment of the TreasuryEmergency medical services and trauma careExecutive agency funding and structureGovernment lending and loan guaranteesInfectious and parasitic diseasesMinority and disadvantaged businessesRural conditions and developmentSmall businessWages and earnings
To establish a payroll loan facility for small financial institutions affected by COVID-19, and for other purposes.
USA116th CongressHR-6817| House
| Updated: 5/12/2020
This bill provides specified funds to the Department of the Treasury to establish a payroll loan facility that provides loans to small financial institutions. These loans must offer, to the maximum extent practicable, benefits and assistance similar to the Paycheck Protection Program created in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic. Treasury must also establish a loan forgiveness program for these loans.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Al Green
Democratic Representative
Texas
Financial Services Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
AppropriationsBanking and financial institutions regulationCardiovascular and respiratory healthDepartment of the TreasuryEmergency medical services and trauma careExecutive agency funding and structureGovernment lending and loan guaranteesInfectious and parasitic diseasesMinority and disadvantaged businessesRural conditions and developmentSmall businessWages and earnings