HR 7481
Restart act
Take action
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Restart Act aims to provide small businesses affected by COVID-19 with low-interest loans guaranteed by the Small Business Administration (SBA). It establishes a program offering up to $12 million in loans with favorable terms, including deferred payments and potential forgiveness up to $12 million for businesses experiencing significant revenue declines in 2020. The bill prioritizes certain businesses, such as nonprofits and minority-owned businesses, and streamlines the loan application process.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
A. Donald McEachin
Abby Finkenauer
Abigail Davis Spanberger
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.