HR 6312
COVID–19 Relief for Small Businesses Act of 2020
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The COVID-19 Relief for Small Businesses Act of 2020 aims to provide financial assistance to small businesses impacted by the coronavirus pandemic. It establishes programs for direct and guaranteed loans, economic injury grants, and loan payment subsidies. The bill also includes measures to support SBA resources, streamline loan processes, and address issues like microloan programs and contracting assistance. Specifically, it expands access to SBA loans, offers temporary fee reductions, and provides assistance to small business development centers and related organizations.
Sponsors
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Primary sponsor
Nydia M. Velazquez
Cosponsors
Eliot L. Engel
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