3.0.0 3604 2023-01-11T13:42:45Z 2023-01-11T13:42:45Z Senate S 2020-05-05 116 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2020-05-05T19:31:59Z 2020-05-05 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2020-05-05 Introduced in Senate IntroReferral 10000 9 Library of Congress C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD N S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2020-05-05 True B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2020-05-05 True S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2020-05-05 True M001183 Sen. Manchin, Joe, III [D-WV] Joseph Manchin D WV 2020-05-05 True R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2020-05-05 True W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2020-06-15 False Commerce Appropriations Business expenses Cardiovascular and respiratory health Congressional oversight Disaster relief and insurance Economic performance and conditions Emergency medical services and trauma care Fraud offenses and financial crimes Government information and archives Government lending and loan guarantees Government studies and investigations Infectious and parasitic diseases Military personnel and dependents Minority and disadvantaged businesses Rural conditions and development Small business Veterans' education, employment, rehabilitation Veterans' loans, housing, homeless programs Wages and earnings Women in business Commerce 00 2020-05-05 Introduced in Senate 2020-05-18T13:44:17Z Transparency and Oversight of COVID-19 Small Business Assistance Act

This bill requires the Small Business Administration (SBA) to report specified data on economic relief programs implemented in response to COVID-19 (i.e., coronavirus disease 2019).

Specifically, the SBA must

  • daily report the total number and dollar amount of loans or grants approved and disbursed under programs such as the paycheck protection program and the emergency grants program;
  • daily report the amount of remaining authority and funds appropriated for such programs and an estimate of the date on which such funds will be depleted;
  • weekly report the number and dollar amount of certain program loans and loan payments disaggregated by specified metrics such as geography, demographics, loan sizes, industry, and lender type;
  • report on the number of employees expected to be retained by borrowers of certain loans as a result of economic relief programs;
  • report its plans to carry out specified relief programs and identify and prevent waste, fraud, and abuse in such programs;
  • request certain information such as demographic and job information when a borrower applies for loan forgiveness; and
  • make each required report publicly available and take all necessary steps to protect sensitive personally identifiable information.

The Government Accountability Office must report specified information, including (1) the effectiveness of certain programs in reaching underserved businesses, (2) a review of the reports required to be published under this bill, and (3) the impact of certain relief programs on jobs.

]]> Transparency and Oversight of COVID–19 Small Business Assistance Act Display Title Transparency and Oversight of COVID–19 Small Business Assistance Act Short Title(s) as Introduced Transparency and Oversight of COVID–19 Small Business Assistance Act Introduced in Senate IS Official Title as Introduced A bill to require the Administrator of the Small Business Administration to report on COVID-19 recovery small business programs, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-05-05T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s3604is/xml/BILLS-116s3604is.xml 2020-05-05 Read twice and referred to the Committee on Small Business and Entrepreneurship. 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.