H.R. 6476 · 116th Congress
To amend the CARES Act to establish a loan program to provide liquidity to eligible lenders for the purpose of providing loans under the Paycheck Protection Program, and for other purposes.
- Stage
- In committee
- Sponsor
- Al Green
- Introduced
- 2020-04-10
- Latest action
- 2020-04-10 · Introduced in House
Summary
This bill requires, and provides funds for, the Department of the Treasury to establish a loan program that provides liquidity to community development financial institutions, small minority depository institutions, and rural banks participating in the Paycheck Protection Program created in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic.