S 4116
A bill to extend the authority for commitments for the paycheck protection program and separate amounts authorized for other loans under section 7(a) of the Small Business Act, and for other purposes.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill extends the ability of the Small Business Administration (SBA) to make loan commitments under the Paycheck Protection Program (PPP) and other loans authorized by Section 7(a) of the Small Business Act. Specifically, it extends the commitment authority for the PPP through August 8, 2020, and provides additional authority for other 7(a) loans during fiscal year 2020. The bill aims to ensure continued access to vital lending programs for small businesses impacted by economic challenges.
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Primary sponsor
Benjamin L. Cardin
Cosponsors
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