To specify the ineligibility requirements based on illegal activity or criminal record applicable to the Paycheck Protection Program and certain emergency relief programs under the CARES Act, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 8, 2020)
This bill extends to specified loan applicants certain eligibility requirements for participation in SBA programs that currently apply only to intermediaries (entities that borrow funds from the Small Business Administration to make loans to small businesses).
Specifically, the bill applies eligibility requirements for intermediaries that are based on illegal activity to any applicant for a loan under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019).
What just happenedMay 8, 2020
Referred to the House Committee on Small Business.
Who’s behind it
- Introduced in HouseMay 8, 2020
- May 8, 2020IntroReferralH11100
Referred to the House Committee on Small Business.
Small Business Committee - May 8, 2020IntroReferralIntro-H
Introduced in House
- May 8, 2020IntroReferral1000
Introduced in House