S 5011 · 116th Congress · Commerce
Economic Empowerment for Underserved Communities Act
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(2020-12-11)
Plain Language Summary
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Economic Empowerment for Underserved Communities Act This bill provides economic assistance to small businesses impacted by COVID-19 (i.e., coronavirus disease 2019), including through (1) the designation of specified amounts for the Community Development Financial Institutions Fund, (2) the establishment of a Small Business and Domestic Production Recovery Investment Facility, and (3) the extension of the requirement that the Small Business Administration subsidize certain loan payments.…
Summarized by Claude AI · Non-partisan · For informational purposes only