Bill116th CongressFiled May 12, 2020Finance and Financial Sector
H.R. 6817
To establish a payroll loan facility for small financial institutions affected by COVID-19, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in house (May 12, 2020)
This bill provides specified funds to the Department of the Treasury to establish a payroll loan facility that provides loans to small financial institutions. These loans must offer, to the maximum extent practicable, benefits and assistance similar to the Paycheck Protection Program created in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic. Treasury must also establish a loan forgiveness program for these loans.
What just happenedMay 12, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Green, Al [D-TX-9](D-TX)Sponsor
3 cosponsors3 D
3cosponsors1committees3actions12subjects
- Introduced in HouseMay 12, 2020
- May 12, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - May 12, 2020IntroReferralIntro-H
Introduced in House
- May 12, 2020IntroReferral1000
Introduced in House