3.0.0 4817 2023-01-11T13:44:23Z 2023-01-11T13:44:23Z Senate S 2020-10-20 116 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2020-10-20T21:02:10Z 2020-10-20 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2020-10-20 Introduced in Senate IntroReferral 10000 9 Library of Congress R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL N R000584 Sen. Risch, James E. [R-ID] James Risch R ID E. 2020-10-20 True C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2020-10-20 True H001089 Sen. Hawley, Josh [R-MO] Josh Hawley R MO 2020-10-20 True Commerce Cardiovascular and respiratory health Competitiveness, trade promotion, trade deficits Economic performance and conditions Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Small business User charges and fees Commerce 00 2020-10-20 Introduced in Senate 2021-01-06T14:51:49Z Small Business Access to Recovery Capital Act

This bill temporarily modifies the 7(a) Loan Guaranty Program of the Small Business Administration (SBA) by waiving borrower and lender fees, increasing the government guarantee to 95%, increasing the maximum loan value to $10 million, and waiving repayment for any new 7(a) loans for one year. The SBA must issue temporary COVID-19 (i.e., coronavirus disease 2019) guidance that reflects these changes.

]]> Small Business Access to Recovery Capital Act Display Title Small Business Access to Recovery Capital Act Short Title(s) as Introduced Small Business Access to Recovery Capital Act Introduced in Senate IS Official Title as Introduced A bill to modify the 7(a) loan guaranty program of the Small Business Administration, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-10-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s4817is/xml/BILLS-116s4817is.xml 2020-10-20 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.