US HB6312 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 3-0)
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]

Summary

Establishes measures to support small businesses impacted by COVID-19 (i.e., coronavirus disease 2019). Specifically, the SBA must temporarily make or guarantee loans for specified uses to small businesses in a state or territory with a case of COVID-19, up to 50% of which may be forgiven; pay the principal, interest, and associated fees owed on certain small business loans for a six-month period; provide grants to small businesses suffering substantial economic injury because of COVID-19; provide grants to small business development centers, women's business centers, and chapters of the Service Corps of Retired Executives for specified purposes; reimburse grant recipients under the State Trade Expansion Program for an amount of losses related to COVID-19; provide SBA resources and services in the 10 most commonly spoken languages, other than English, in the United States, including Mandarin, Cantonese, Japanese, and Korean. In addition, the SBA may make economic injury disaster loans to small businesses in response to COVID-19 and waive certain requirements on such loans. The bill also temporarily increases guarantee amounts and loan sizes for certain SBA loans, temporarily waives or reduces certain fees on SBA loans, and permanently waives the guarantee fee on SBA loans for veterans; revises the Microloan Program; provides additional leverage for small businesses affected by COVID-19; reestablishes the New Markets Venture Capital Program; and requires a federal agency to provide additional performance time to small business contractors and to pay such contractors regardless of delay due to COVID-19.

Tracking Information

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Title

COVID–19 Relief for Small Businesses Act of 2020

Sponsors


History

DateChamberAction
2020-03-19HouseReferred to the House Committee on Small Business.
2020-03-19HouseIntroduced in House

Same As/Similar To

HB6268 (Related) 2020-03-12 - Referred to the House Committee on Small Business.
HB6291 (Related) 2020-03-19 - Referred to the House Committee on Small Business.
HB6303 (Related) 2020-03-19 - Referred to the House Committee on Small Business.
HB6304 (Related) 2020-03-19 - Referred to the House Committee on Small Business.
HB6307 (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.
HB6341 (Related) 2020-03-23 - Referred to the House Committee on Small Business.
HB6342 (Related) 2020-03-23 - Referred to the House Committee on Small Business.
HB6343 (Related) 2020-03-23 - Referred to the House Committee on Small Business.
HB6344 (Related) 2020-03-23 - Referred to the House Committee on Small Business.
HB6345 (Related) 2020-03-23 - Referred to the House Committee on Small Business.
HB6349 (Related) 2020-03-23 - Referred to the House Committee on Small Business.
HB6320 (Related) 2020-03-23 - Referred to the House Committee on Small Business.
HB6367 (Related) 2020-03-23 - Referred to the House Committee on Small Business.

Subjects

Administrative law and regulatory procedures
Appropriations
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business investment and capital
Business records
Cardiovascular and respiratory health
Commerce
Commuting
Competitiveness, trade promotion, trade deficits
Computers and information technology
Congressional oversight
Credit and credit markets
Disaster relief and insurance
Emergency medical services and trauma care
Employee benefits and pensions
Employee hiring
Employee leave
Employment taxes
Executive agency funding and structure
Financial crises and stabilization
Foreign language and bilingual programs
Government employee pay, benefits, personnel management
Government information and archives
Government lending and loan guarantees
Health promotion and preventive care
Industrial facilities
Infectious and parasitic diseases
Interest, dividends, interest rates
Life, casualty, property insurance
Manufacturing
Minority and disadvantaged businesses
Museums, exhibitions, cultural centers
Public contracts and procurement
Sales and excise taxes
Self-employed
Small business
Small Business Administration
State and local finance
State and local taxation
Tax administration and collection, taxpayers
User charges and fees
Veterans' education, employment, rehabilitation
Veterans' loans, housing, homeless programs
Wages and earnings
Women in business

US Congress State Sources


Bill Comments

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