EIDL Oversight Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 13, 2021)
EIDL Oversight Act of 2021
This bill establishes oversight requirements for economic injury disaster loans and advances made on those loans. Such requirements include directing the Small Business Administration (SBA) to (1) ensure that loan and advance proceeds are deposited in a legitimate account of a borrower, (2) ensure that any modification of a request for a loan or an advance is reviewed by an SBA employee, and (3) verify the legitimacy of loan or advance applicants through tax returns or other documentation.
What just happenedMay 13, 2021
Referred to the House Committee on Small Business.
Who’s behind it
- Introduced in HouseMay 13, 2021
- May 13, 2021IntroReferralH11100
Referred to the House Committee on Small Business.
Small Business Committee - May 13, 2021IntroReferralIntro-H
Introduced in House
- May 13, 2021IntroReferral1000
Introduced in House