HR 8537 · 116th Congress · Commerce
To direct the Administrator of the Small Business Administration to modify any caps on emergency EIDL advances to certain veterans service organizations, and for other purposes.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Small Business.(2020-10-06)
Plain Language Summary
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This bill prohibits the Small Business Administration from placing a cap that is less than $5,000 on any advance for an economic injury disaster loan that is made in response to COVID-19 (i.e., coronavirus disease 2019) to a veterans service organization (VSO) with only one employee. A VSO aids veterans with the preparation, presentation, and prosecution of claims under laws administered by the Department of Veterans Affairs.…
Summarized by Claude AI · Non-partisan · For informational purposes only