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
All available records shown.
Timeline
Introduced in House
Referred to the House Committee on Small Business.
House of Representatives
All available records shown.