Bill116th CongressFiled May 1, 2020Commerce
H.R. 6679
To amend the CARES Act to authorize the financing of inventory of American manufactured products by financial institutions, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in house (May 1, 2020)
This bill requires the Department of the Treasury to provide financing for finished products manufactured in the United States by manufacturers with less than 2,000 employees.
Such financing may not exceed a certain percentage of sales of the finished products. However, financing of certain American-manufactured items produced in response to COVID-19 (i.e., coronavirus disease 2019) shall not be counted in the calculation of such sales.
What just happenedMay 1, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Kelly, Trent [R-MS-1](R-MS)Sponsor
1committees3actions8subjects
- Introduced in HouseMay 1, 2020
- May 1, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - May 1, 2020IntroReferralIntro-H
Introduced in House
- May 1, 2020IntroReferral1000
Introduced in House