HR 6426
To direct the Secretary of Health and Human Services to establish a program under which loans shall be made to certain health care organizations to assist such organizations with anticipated revenue loss or higher operating costs as a result of the COVID-19 emergency, and for other purposes.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill directs the Department of Health and Human Services to create a program offering low-interest loans to health care organizations facing financial challenges due to the COVID-19 emergency. Eligible organizations include hospitals, nursing homes, and physician practices that participate in Medicare or Medicaid. The loans would cover anticipated revenue losses or increased operating costs, with a maximum interest rate of 2% and a repayment schedule designed to provide flexibility. The bill also allocates $80 billion for this program.
Sponsors
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Primary sponsor
Max Rose
Cosponsors
G. K. Butterfield
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