US HB6817 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on May 12 2020 - 25% progression, died in committee
Action: 2020-05-12 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 12 2020 - 25% progression, died in committee
Action: 2020-05-12 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Provides specified funds to the Department of the Treasury to establish a payroll loan facility that provides loans to small financial institutions. These loans must offer, to the maximum extent practicable, benefits and assistance similar to the Paycheck Protection Program created in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic. Treasury must also establish a loan forgiveness program for these loans.
Title
To establish a payroll loan facility for small financial institutions affected by COVID-19, and for other purposes.
Sponsors
| Rep. Al Green [D-TX] | Rep. Emanuel Cleaver [D-MO] | Rep. David Scott [D-GA] | Rep. Gregory Meeks [D-NY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-05-12 | House | Referred to the House Committee on Financial Services. |
| 2020-05-12 | House | Introduced in House |
Subjects
Appropriations
Banking and financial institutions regulation
Cardiovascular and respiratory health
Department of the Treasury
Emergency medical services and trauma care
Executive agency funding and structure
Finance and financial sector
Government lending and loan guarantees
Infectious and parasitic diseases
Minority and disadvantaged businesses
Rural conditions and development
Small business
Wages and earnings
Banking and financial institutions regulation
Cardiovascular and respiratory health
Department of the Treasury
Emergency medical services and trauma care
Executive agency funding and structure
Finance and financial sector
Government lending and loan guarantees
Infectious and parasitic diseases
Minority and disadvantaged businesses
Rural conditions and development
Small business
Wages and earnings
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/6817/all-info |
| Text | https://www.congress.gov/116/bills/hr6817/BILLS-116hr6817ih.pdf |
