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.