US SB3524 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on March 18 2020 - 25% progression, died in committee
Action: 2020-03-18 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 18 2020 - 25% progression, died in committee
Action: 2020-03-18 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Increases the maximum loan amount for a small business disaster loan made in response to COVID-19 (i.e., coronavirus disease 2019), and it requires the Small Business Administration to expedite the loan approval process for such loans. The fine for a conviction relating to a fraudulent claim for the payment or approval of such a loan shall be three times the amount of the loan.
Title
Coronavirus Credit Expansion Act
Sponsors
| Sen. Tom Cotton [R-AR] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-03-18 | Senate | Read twice and referred to the Committee on Small Business and Entrepreneurship. |
Same As/Similar To
HB6547 (Related) 2020-04-17 - Referred to the House Committee on Small Business.
Subjects
Cardiovascular and respiratory health
Civil actions and liability
Commerce
Emergency medical services and trauma care
Fraud offenses and financial crimes
Government lending and loan guarantees
Infectious and parasitic diseases
Small business
Civil actions and liability
Commerce
Emergency medical services and trauma care
Fraud offenses and financial crimes
Government lending and loan guarantees
Infectious and parasitic diseases
Small business
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/3524/all-info |
| Text | https://www.congress.gov/116/bills/s3524/BILLS-116s3524is.pdf |
