US Congress House Bill 6304 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on March 19 2020 - 25% progression, died in committee
Action: 2020-03-19 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]

Requires the Small Business Administration (SBA) to pay the principal, interest, and any associated fees owed on certain loans made to small businesses for a six month period. The SBA must also encourage the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and state bank regulators to not require lenders to increase their reserves on account of receiving such payments made by the SBA. The SBA shall waive statutory limits on maximum loan maturities for certain loan durations where the lender provides a deferral and extends the maturity of such loans and, when necessary to provide more time because of difficulties during the COVID-19 (i.e., coronavirus disease 2019) pandemic, extend lender site visit requirements.

Small Business Repayment Relief Act of 2020

Rep. Antonio Delgado [D-NY]	Rep. Cindy Axne [D-IA]	Rep. Nydia Velazquez [D-NY]	Rep. Christopher Pappas [D-NH]
Rep. Eleanor Norton [D-DC]	Rep. Andre Carson [D-IN]	Rep. Judy Chu [D-CA]	Rep. Jason Crow [D-CO]

Date	Chamber	Action
2020-03-19	House	Referred to the House Committee on Small Business.
2020-03-19	House	Introduced in House

HB748 (Related) 2020-07-23 - Committee on Small Business and Entrepreneurship. Hearings held.
HB6379 (Related) 2020-03-23 - Referred to the Committee on Appropriations, and in addition to the Committees on the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
HB6312 (Related) 2020-03-19 - Referred to the House Committee on Small Business.
SB3519 (Related) 2020-03-18 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
HB6396 (Related) 2020-09-30 - Referred to the Subcommittee on Health.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/6304/all-info
Text	https://www.congress.gov/116/bills/hr6304/BILLS-116hr6304ih.pdf