Coronavirus Credit Expansion Act

United States116th CongressS-3524Senate
Updated: Mar 18, 2020

Summary

Coronavirus Credit Expansion Act This bill increases the maximum loan amount for a small business disaster loan made in response to COVID-19 (i.e., coronavirus disease 2019), and it requires the Small Business Administration to expedite the loan approval process for such loans. The fine for a conviction relating to a fraudulent claim for the payment or approval of such a loan shall be three times the amount of the loan.

Bill texts

Available versions
Introduced (Senate)View official text

1 version available

All available records shown.

Timeline

  1. Read twice and referred to the Committee on Small Business and Entrepreneurship.

    Senate

  2. Introduced in Senate

All available records shown.