3.0.0 6268 2022-02-08T23:25:40Z 2022-02-08T23:25:40Z House HR 2020-03-12 116 [Congressional Record Volume 166, Number 48 (Thursday, March 12, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. VELAZQUEZ:H.R. 6268.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1``The Congress shall have Power to . . . provide for the .. . general Welfare of the United States; . . .''[Page H1671]]]> hssm00 Small Business Committee House Standing Referred to 2020-03-12T13:03:05Z COVID–19 Relief for Small Businesses Act of 2020 116 6312 HR 2020-03-19 Referred to the House Committee on Small Business. Related bill CRS Small Business Relief Guaranteed Loan Program Act of 2020 116 6341 HR 2020-03-23 Referred to the House Committee on Small Business. Related bill CRS 2020-03-12 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2020-03-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-03-12 Introduced in House IntroReferral 1000 9 Library of Congress V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 N E000296 Rep. Evans, Dwight [D-PA-3] Dwight Evans D PA 3 2020-03-13 False H001085 Rep. Houlahan, Chrissy [D-PA-6] Chrissy Houlahan D PA 6 2020-03-13 False S001190 Rep. Schneider, Bradley Scott [D-IL-10] Bradley Schneider D IL Scott 10 2020-03-13 False C001121 Rep. Crow, Jason [D-CO-6] Jason Crow D CO 6 2020-03-13 False C001080 Rep. Chu, Judy [D-CA-27] Judy Chu D CA 27 2020-03-16 False E000297 Rep. Espaillat, Adriano [D-NY-13] Adriano Espaillat D NY 13 2020-03-16 False K000394 Rep. Kim, Andy [D-NJ-3] Andy Kim D NJ 3 2020-03-23 False D000630 Rep. Delgado, Antonio [D-NY-19] Antonio Delgado D NY 19 2020-03-23 False Commerce Administrative law and regulatory procedures Business investment and capital Cardiovascular and respiratory health Commuting Computers and information technology Emergency medical services and trauma care Employee benefits and pensions Employee leave Employment taxes Financial crises and stabilization Government lending and loan guarantees Health promotion and preventive care Infectious and parasitic diseases Life, casualty, property insurance Sales and excise taxes Small Business Administration Small business State and local taxation Tax administration and collection, taxpayers Wages and earnings Commerce 00 2020-03-12 Introduced in House 2020-04-06T13:59:55Z SBA Business Stabilization Direct Loan Program Act of 2020

This bill requires the Small Business Administration (SBA) to temporarily make loans directly to small businesses located in a U.S. state or territory with a confirmed or presumed positive case of COVID-19 (i.e., coronavirus disease 2019).

A recipient of such a loan may use the funds to, among other things (1) make periodic payments of principal and interest on outstanding SBA loans; (2) provide benefits to employees such as disability insurance, sick leave, and paid family leave; (3) pay wages to employees; or (4) provide employees and patrons with the necessary items specified by a public health authority to mitigate the spread of the coronavirus.

The SBA shall accept any available collateral to secure such a loan and shall not decline to make a loan to an otherwise eligible borrower due solely to inadequate collateral.

]]> SBA Business Stabilization Direct Loan Program Act of 2020 Display Title SBA Business Stabilization Direct Loan Program Act of 2020 Official Title as Introduced To establish a business stabilization direct loan program and the authority to establish a secondary market guarantee in the Small Business Administration, and for other purposes. Introduced in House IH Short Title(s) as Introduced SBA Business Stabilization Direct Loan Program Act of 2020 Introduced in House IH Introduced in House 2020-03-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6268ih/xml/BILLS-116hr6268ih.xml 2020-03-12 Referred to the House Committee on Small Business. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.