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Coronavirus Credit Expansion Act

USA116th CongressS-3524| Senate 
| Updated: 3/18/2020
Tom Cotton

Tom Cotton

Republican Senator

Arkansas

Small Business and Entrepreneurship Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Mar 18, 2020
Introduced in Senate
Mar 18, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • March 18, 2020
    Introduced in Senate
  • March 18, 2020
    Read twice and referred to the Committee on Small Business and Entrepreneurship.

Commerce

Related Bills

  • HR 116-6547: To modify terms related to the economic injury disaster loan program of the Small Business Administration for applicants affected by COVID-19, and for other purposes.
Cardiovascular and respiratory healthCivil actions and liabilityEmergency medical services and trauma careFraud offenses and financial crimesGovernment lending and loan guaranteesInfectious and parasitic diseasesSmall business

Coronavirus Credit Expansion Act

USA116th CongressS-3524| Senate 
| Updated: 3/18/2020
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 18, 2020
Introduced in Senate
Mar 18, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • March 18, 2020
    Introduced in Senate
  • March 18, 2020
    Read twice and referred to the Committee on Small Business and Entrepreneurship.
Tom Cotton

Tom Cotton

Republican Senator

Arkansas

Small Business and Entrepreneurship Committee

Commerce

Related Bills

  • HR 116-6547: To modify terms related to the economic injury disaster loan program of the Small Business Administration for applicants affected by COVID-19, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Cardiovascular and respiratory healthCivil actions and liabilityEmergency medical services and trauma careFraud offenses and financial crimesGovernment lending and loan guaranteesInfectious and parasitic diseasesSmall business