HR 6679 · 116th Congress · Commerce

To amend the CARES Act to authorize the financing of inventory of American manufactured products by financial institutions, and for other purposes.

Introduced 2020-05-01· Sponsored by Rep. Kelly, Trent [R-MS-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2020-05-01)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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