3.0.0 6960 2023-01-11T13:42:51Z 2023-01-11T13:42:51Z House HR 2020-05-22 116 [Congressional Record Volume 166, Number 97 (Friday, May 22, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BILIRAKIS:H.R. 6960.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to Article I, Section 8,Clause 1 of the Constitution of the United States and ArticleI, Section 8, Clause 7 of the Constitution of the UnitedStates.Article I, section 8 of the United State Constitution,which grants Congress the power to raise and support an Army;to provide and maintain a Navy; to make rules for thegovernment and regulation of the land and naval forces; andprovide for organizing, arming, and disciplining the militia.[Page H2277]]]> hssm00 Small Business Committee House Standing Referred to 2020-05-22T15:03:20Z 2020-05-22 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2020-05-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-05-22 Introduced in House IntroReferral 1000 9 Library of Congress B001257 Rep. Bilirakis, Gus M. [R-FL-12] Gus Bilirakis R FL M. 12 N B001303 Rep. Blunt Rochester, Lisa [D-DE-At Large] Lisa Blunt Rochester D DE 0 2020-05-22 True Commerce Appropriations Business expenses Cardiovascular and respiratory health Disaster relief and insurance Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Self-employed Small business Wages and earnings Commerce 00 2020-05-22 Introduced in House 2020-06-18T14:02:04Z Maximizing Our Money and Addressing Novel Disasters by Protecting Our Proprietors Act or the MOM-AND-POP Act

This bill reserves assistance under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), for specified small entities.

Specifically, the bill establishes a set-aside of at least 25% of amounts appropriated for paycheck protection loans to guarantee loans of $150,000 or less made to small entities such as a (1) business or nonprofit with 25 employees or fewer, (2) sole proprietor, or (3) self-employed individual.

The Small Business Administration must consider implementing a similar set-aside for any future loan programs created in direct response to a major disaster.

]]> MOM-AND-POP Act Display Title MOM-AND-POP Act Official Title as Introduced To require the Administrator of the Small Business Administration reserve amounts appropriated under the paycheck protection program for small entities, and for other purposes. Introduced in House IH Short Title(s) as Introduced MOM-AND-POP Act Introduced in House IH Short Title(s) as Introduced Maximizing Our Money and Addressing Novel Disasters by Protecting Our Proprietors Act Introduced in House IH Introduced in House 2020-05-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6960ih/xml/BILLS-116hr6960ih.xml 2020-05-22 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.