HR 6547 · 116th Congress · Commerce

To modify terms related to the economic injury disaster loan program of the Small Business Administration for applicants affected by COVID-19, and for other purposes.

Introduced 2020-04-17· Sponsored by Rep. Roy, Chip [R-TX-21]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Small Business.(2020-04-17)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only