3.0.0 6291 2022-02-09T03:57:11Z 2022-02-09T03:57:11Z House HR 2020-03-19 116 [Congressional Record Volume 166, Number 53 (Thursday, March 19, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KIM:H.R. 6291.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 H1711]]]> hssm00 Small Business Committee House Standing Referred to 2020-03-19T13:02:10Z Workforce Emergency Response Act of 2020 116 6379 HR 2020-03-23 Referred to the Committee on Appropriations, and in addition to the Committees on the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Related bill CRS 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 COVID–19 RELIEF for Small Businesses Act of 2020 116 3554 S 2020-03-20 Read twice and referred to the Committee on Small Business and Entrepreneurship. Related bill CRS The Heroes Act 116 6800 HR 2020-07-23 Committee on Small Business and Entrepreneurship. Hearings held. Related bill CRS Heroes Small Business Lifeline Act 116 4818 S 2020-12-10 Committee on Small Business and Entrepreneurship. Hearings held. Related bill CRS 2020-03-19 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2020-03-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-03-19 Introduced in House IntroReferral 1000 9 Library of Congress K000394 Rep. Kim, Andy [D-NJ-3] Andy Kim D NJ 3 N Commerce Government lending and loan guarantees Minority and disadvantaged businesses Small business Veterans' education, employment, rehabilitation Veterans' loans, housing, homeless programs Women in business Commerce 00 2020-03-19 Introduced in House 2020-04-03T12:18:01Z Microloan Emergency Assistance Act of 2020

This bill expands the Microloan Program of the Small Business Administration (SBA).

Specifically, the bill increases the amount of funds available to an individual loan intermediary (i.e., a recipient of SBA direct loans that, in turn, makes microloans to startups and newly established or growing small businesses). The bill also makes eligible for certain technical assistance grants an intermediary that, among other requirements, provides at least 25% of its loans to small businesses in an economically distressed area.

In addition, the bill temporarily (1) extends repayment terms for microloans, and (2) authorizes the SBA to provide increased amounts for both technical assistance grants and direct loans. The bill also requires the SBA to temporarily waive (1) the requirement that an intermediary contribute non-federal funds as a condition of receiving a technical assistance grant, and (2) the limitation on amounts allowed to be expended to provide certain information and technical assistance.

]]> Microloan Emergency Assistance Act of 2020 Display Title Microloan Emergency Assistance Act of 2020 Official Title as Introduced To amend the microloan program of the Small Business Adminstration in response to COVID-19, and for other purposes. Introduced in House IH Short Title(s) as Introduced Microloan Emergency Assistance Act of 2020 Introduced in House IH Introduced in House 2020-03-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6291ih/xml/BILLS-116hr6291ih.xml 2020-03-19 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.