3.0.0 6312 2022-02-08T23:17:28Z 2022-02-08T23:17:28Z 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 Ms. VELAZQUEZ:H.R. 6312.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1The Congress shall have Power to . . . provide for the . .. general Welfare of the United States; . . .Article I, Section 8, Clause 3The Congress shall have Power . . . To regulate Commercewith foreign Nations, and among the several States, and withthe Indian Tribes.[Page H1712]]]> hssm00 Small Business Committee House Standing Referred to 2020-03-19T13:03:15Z Small Contractor Stability Act of 2020 116 6320 HR 2020-03-23 Referred to the House Committee on Small Business. Related bill CRS Entrepreneurial Development COVID–19 Response Act of 2020 116 6367 HR 2020-03-23 Referred to the House Committee on Small Business. Related bill CRS SBA Business Stabilization Direct Loan Program Act of 2020 116 6268 HR 2020-03-12 Referred to the House Committee on Small Business. Related bill CRS Microloan Emergency Assistance Act of 2020 116 6291 HR 2020-03-19 Referred to the House Committee on Small Business. Related bill CRS Increasing Access to Capital Act of 2020 116 6303 HR 2020-03-19 Referred to the House Committee on Small Business. Related bill CRS Small Business Repayment Relief Act of 2020 116 6304 HR 2020-03-19 Referred to the House Committee on Small Business. Related bill CRS Easing Disruption for America’s Small Contractor Act of 2020 116 6307 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 SBIC Capital Infusion Act of 2020 116 6342 HR 2020-03-23 Referred to the House Committee on Small Business. Related bill CRS Continuity of Business Operations Support Act of 2020 116 6349 HR 2020-03-23 Referred to the House Committee on Small Business. Related bill CRS A bill to authorize the Administrator of the Small Business Administration to subsidize payments on loans guaranteed under the 7(a) and 504 loan programs or made using funds under the microloan program, and for other purposes. 116 3519 S 2020-03-18 Read twice and referred to the Committee on Small Business and Entrepreneurship. Related bill CRS Small Business COVID–19 Recovery Grants Act of 2020 116 6343 HR 2020-03-23 Referred to the House Committee on Small Business. Related bill CRS Expediting the EIDL Program Act of 2020 116 6344 HR 2020-03-23 Referred to the House Committee on Small Business. Related bill CRS STEP Reimbursement Act of 2020 116 6345 HR 2020-03-23 Referred to the House Committee on Small Business. 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 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 2020-03-23 False E000179 Rep. Engel, Eliot L. [D-NY-16] ELIOT ENGEL D NY L. 16 2020-03-23 False Commerce Administrative law and regulatory procedures Appropriations Bank accounts, deposits, capital Banking and financial institutions regulation Business investment and capital Business records Cardiovascular and respiratory health Commuting Competitiveness, trade promotion, trade deficits Computers and information technology Congressional oversight Credit and credit markets Disaster relief and insurance Emergency medical services and trauma care Employee benefits and pensions Employee hiring Employee leave Employment taxes Executive agency funding and structure Financial crises and stabilization Foreign language and bilingual programs Government employee pay, benefits, personnel management Government information and archives Government lending and loan guarantees Health promotion and preventive care Industrial facilities Infectious and parasitic diseases Interest, dividends, interest rates Life, casualty, property insurance Manufacturing Minority and disadvantaged businesses Museums, exhibitions, cultural centers Public contracts and procurement Sales and excise taxes Self-employed Small Business Administration Small business State and local finance State and local taxation Tax administration and collection, taxpayers User charges and fees Veterans' education, employment, rehabilitation Veterans' loans, housing, homeless programs Wages and earnings Women in business Commerce 00 2020-03-19 Introduced in House 2020-04-07T18:59:08Z COVID-19 Relief for Small Businesses Act of 2020

This bill establishes measures to support small businesses impacted by COVID-19 (i.e., coronavirus disease 2019).

Specifically, the SBA must

  • temporarily make or guarantee loans for specified uses to small businesses in a state or territory with a case of COVID-19, up to 50% of which may be forgiven;
  • pay the principal, interest, and associated fees owed on certain small business loans for a six-month period;
  • provide grants to small businesses suffering substantial economic injury because of COVID-19;
  • provide grants to small business development centers, women's business centers, and chapters of the Service Corps of Retired Executives for specified purposes;
  • reimburse grant recipients under the State Trade Expansion Program for an amount of losses related to COVID-19;
  • provide SBA resources and services in the 10 most commonly spoken languages, other than English, in the United States, including Mandarin, Cantonese, Japanese, and Korean.

In addition, the SBA may make economic injury disaster loans to small businesses in response to COVID-19 and waive certain requirements on such loans.

The bill also

  • temporarily increases guarantee amounts and loan sizes for certain SBA loans, temporarily waives or reduces certain fees on SBA loans, and permanently waives the guarantee fee on SBA loans for veterans;
  • revises the Microloan Program;
  • provides additional leverage for small businesses affected by COVID-19;
  • reestablishes the New Markets Venture Capital Program; and
  • requires a federal agency to provide additional performance time to small business contractors and to pay such contractors regardless of delay due to COVID-19.
]]> COVID–19 Relief for Small Businesses Act of 2020 Display Title COVID–19 Relief for Small Businesses Act of 2020 Official Title as Introduced To provide relief from COVID-19 for small business concerns, and for other purposes. Introduced in House IH Short Title(s) as Introduced COVID–19 Relief for Small Businesses Act of 2020 Introduced in House IH Introduced in House 2020-03-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6312ih/xml/BILLS-116hr6312ih.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.