3.0.0 4227 2023-01-11T13:45:39Z 2023-01-11T13:45:39Z Senate S 2020-07-20 116 sssb00 Small Business and Entrepreneurship Committee Senate Standing Hearings by 2020-12-10T15:00:03Z Referred to 2020-07-20T22:50:44Z 2020-12-10 sssb00 Small Business and Entrepreneurship Committee Senate Committee on Small Business and Entrepreneurship. Hearings held. Committee 2020-07-20 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2020-07-20 Introduced in Senate IntroReferral 10000 9 Library of Congress R000608 Sen. Rosen, Jacky [D-NV] Jacklyn Rosen D NV N C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2020-07-20 True M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2020-07-23 False V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2020-07-23 False J000300 Sen. Jones, Doug [D-AL] Doug Jones D AL 2020-07-28 False K000384 Sen. Kaine, Tim [D-VA] Timothy Kaine D VA M. 2020-07-28 False S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN 2020-07-29 False W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2020-09-10 False S001191 Sen. Sinema, Kyrsten [D-AZ] Kyrsten Sinema D AZ 2020-09-15 False Commerce Appropriations Cardiovascular and respiratory health Congressional oversight Disaster relief and insurance Economic performance and conditions Emergency medical services and trauma care Executive agency funding and structure Government lending and loan guarantees Health programs administration and funding Health promotion and preventive care Infectious and parasitic diseases Small Business Administration Small business Commerce 00 2020-07-20 Introduced in Senate 2021-03-31T19:28:09Z Ensuring Increased Disaster Loans for Small Businesses Act or the EIDL for Small Businesses Act

This bill authorizes and provides funding for additional Small Business Administration (SBA) disaster loans and advances on such loans, and it modifies the requirements for providing such advances.

Specifically, the bill authorizes an additional disaster loan to a prior recipient that received such a loan during the period between January 31, 2020, and December 31, 2020, up to an aggregate amount of $2 million. Further, the bill prohibits the SBA from imposing a maximum loan amount limit that is lower than $2 million for an initial disaster loan.

The bill also requires the SBA to provide a disaster loan applicant with an advance no later than three days after the applicant submits a loan application, regardless of whether such application has been approved by that date. Further, the SBA shall provide a recipient of an additional disaster loan an additional advance such that the total advance amount received by the applicant is $10,000.

]]> EIDL for Small Businesses Act Display Title EIDL for Small Businesses Act Short Title(s) as Introduced EIDL for Small Businesses Act Introduced in Senate IS Short Title(s) as Introduced Ensuring Increased Disaster Loans for Small Businesses Act Introduced in Senate IS Official Title as Introduced A bill to improve access to economic injury disaster loans and emergency advances under the CARES Act, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-07-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s4227is/xml/BILLS-116s4227is.xml 2020-12-10 Committee on Small Business and Entrepreneurship. Hearings held. 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.