To amend the CARES Act to provide for the prioritization of applications from certain small businesses seeking Payroll Protection Program loans through the Small Business Administration.
This bill requires the Small Business Administration, in making loan guarantees under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to guarantee that employers with 25 or fewer employees shall receive at least 50% of all loan dollars.
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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
Business expensesCardiovascular and respiratory healthEmergency medical services and trauma careGovernment lending and loan guaranteesInfectious and parasitic diseasesSmall businessTemporary and part-time employmentWages and earnings
To amend the CARES Act to provide for the prioritization of applications from certain small businesses seeking Payroll Protection Program loans through the Small Business Administration.
USA116th CongressHR-6818| House
| Updated: 5/12/2020
This bill requires the Small Business Administration, in making loan guarantees under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to guarantee that employers with 25 or fewer employees shall receive at least 50% of all loan dollars.
Business expensesCardiovascular and respiratory healthEmergency medical services and trauma careGovernment lending and loan guaranteesInfectious and parasitic diseasesSmall businessTemporary and part-time employmentWages and earnings