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Economic Empowerment for Underserved Communities Act

USA116th CongressS-5011| Senate 
| Updated: 12/11/2020
Kelly Loeffler

Kelly Loeffler

Republican Senator

Georgia

Cosponsors (2)
Marco Rubio (Republican)Mike Crapo (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Economic Empowerment for Underserved Communities Act This bill provides economic assistance to small businesses impacted by COVID-19 (i.e., coronavirus disease 2019), including through (1) the designation of specified amounts for the Community Development Financial Institutions Fund, (2) the establishment of a Small Business and Domestic Production Recovery Investment Facility, and (3) the extension of the requirement that the Small Business Administration subsidize certain loan payments.
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Timeline
Dec 11, 2020
Introduced in Senate
Dec 11, 2020
Read twice and referred to the Committee on Finance.
  • December 11, 2020
    Introduced in Senate
  • December 11, 2020
    Read twice and referred to the Committee on Finance.

Commerce

Related Bills

  • S 116-750: New Markets Tax Credit Extension Act of 2019
  • HR 116-8120: Increasing Opportunities for Small Businesses Act of 2020
Bank accounts, deposits, capitalBusiness investment and capitalCardiovascular and respiratory healthDepartment of CommerceEconomic developmentEconomic performance and conditionsEmergency medical services and trauma careExecutive agency funding and structureFederal officialsGovernment corporations and government-sponsored enterprisesGovernment lending and loan guaranteesIncome tax creditsIncome tax ratesInfectious and parasitic diseasesInflation and pricesManufacturingMinority and disadvantaged businessesPoverty and welfare assistanceRacial and ethnic relationsReligionSecuritiesSmall business

Economic Empowerment for Underserved Communities Act

USA116th CongressS-5011| Senate 
| Updated: 12/11/2020
Economic Empowerment for Underserved Communities Act This bill provides economic assistance to small businesses impacted by COVID-19 (i.e., coronavirus disease 2019), including through (1) the designation of specified amounts for the Community Development Financial Institutions Fund, (2) the establishment of a Small Business and Domestic Production Recovery Investment Facility, and (3) the extension of the requirement that the Small Business Administration subsidize certain loan payments.
View Full Text

Suggested Questions

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

Timeline
Dec 11, 2020
Introduced in Senate
Dec 11, 2020
Read twice and referred to the Committee on Finance.
  • December 11, 2020
    Introduced in Senate
  • December 11, 2020
    Read twice and referred to the Committee on Finance.
Kelly Loeffler

Kelly Loeffler

Republican Senator

Georgia

Cosponsors (2)
Marco Rubio (Republican)Mike Crapo (Republican)

Finance Committee

Commerce

Related Bills

  • S 116-750: New Markets Tax Credit Extension Act of 2019
  • HR 116-8120: Increasing Opportunities for Small Businesses Act of 2020
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalBusiness investment and capitalCardiovascular and respiratory healthDepartment of CommerceEconomic developmentEconomic performance and conditionsEmergency medical services and trauma careExecutive agency funding and structureFederal officialsGovernment corporations and government-sponsored enterprisesGovernment lending and loan guaranteesIncome tax creditsIncome tax ratesInfectious and parasitic diseasesInflation and pricesManufacturingMinority and disadvantaged businessesPoverty and welfare assistanceRacial and ethnic relationsReligionSecuritiesSmall business