HR 6040
Small Business Relief From Communicable Disease Induced Economic Hardship Act of 2020
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Bill overview
This bill expands the types of disasters for which small businesses can receive financial assistance from the Small Business Administration (SBA). Specifically, it broadens the definition of a disaster to include communicable diseases for which the federal government issues travel alerts or warnings, and it allows the SBA to offer interest-free economic injury loans to small businesses impacted by such diseases. The goal is to provide relief to small businesses struggling due to the economic effects of public health emergencies related to communicable illnesses. This legislation aims to offer a more comprehensive safety net during times of widespread illness.
Sponsors
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Primary sponsor
Nydia M. Velazquez
Cosponsors
Antonio Delgado
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