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.

United States116th CongressHR-6818House of Representatives
Updated: May 12, 2020

Summary

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.

Bill texts

Available versions
Introduced (House)View official text

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Timeline

  1. Introduced in House

  2. Referred to the House Committee on Small Business.

    House of Representatives

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