3.0.0 1690 2023-01-11T13:50:11Z 2023-01-11T13:50:11Z Senate S 2021-05-18 117 ssap00 Appropriations Committee Senate Standing Referred to 2021-05-18T23:06:42Z 2021-05-18 ssap00 Appropriations Committee Senate Read twice and referred to the Committee on Appropriations. IntroReferral 2021-05-18 Introduced in Senate IntroReferral 10000 9 Library of Congress R000608 Sen. Rosen, Jacky [D-NV] Jacklyn Rosen D NV N M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2021-05-26 False S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI 2021-05-27 False Commerce Appropriations Business expenses Cardiovascular and respiratory health Emergency medical services and trauma care Executive agency funding and structure Government lending and loan guarantees Infectious and parasitic diseases Minority and disadvantaged businesses Small Business Administration Small business Unemployment Veterans' education, employment, rehabilitation Wages and earnings Women in business Commerce 00 2021-05-18 Introduced in Senate 2022-03-16T19:01:25Z Keeping Our Promise to Small Businesses Act

This bill provides additional funding to the Small Business Administration (SBA) for the Paycheck Protection Program, which was established to assist small businesses during the COVID-19 pandemic.

Specifically, the bill provides the additional funding for the cost of

  • processing loan applications that were submitted on or before May 4, 2021; and
  • providing guaranteed loans to eligible entities that apply on or before May 31, 2021, have no more than 100 employees, and are located in a state with an unemployment rate of at least 6%.

In guaranteeing the new loans, the SBA must give a preference to entities that are women-, minority-, or veteran-owned.

]]> Keeping Our Promise to Small Businesses Act Display Title Keeping Our Promise to Small Businesses Act Official Title as Introduced A bill to provide direct appropriations for processing applications for the paycheck protection program, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced Keeping Our Promise to Small Businesses Act Introduced in Senate IS Introduced in Senate 2021-05-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s1690is/xml/BILLS-117s1690is.xml 2021-05-18 Read twice and referred to the Committee on Appropriations. 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.