Coronavirus Credit Expansion Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Mar 18, 2020)
Coronavirus Credit Expansion Act
This bill increases the maximum loan amount for a small business disaster loan made in response to COVID-19 (i.e., coronavirus disease 2019), and it requires the Small Business Administration to expedite the loan approval process for such loans.
The fine for a conviction relating to a fraudulent claim for the payment or approval of such a loan shall be three times the amount of the loan.
What just happenedMar 18, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Who’s behind it
- Introduced in SenateMar 18, 2020
- Mar 18, 2020IntroReferral
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Small Business and Entrepreneurship Committee - Mar 18, 2020IntroReferral10000
Introduced in Senate