H.R. 6818 · 116th Congress
To amend the CARES Act to provide for the prioritization of applications from certain small businesses seeking Payroll Protection Program loans through the Small Business Administration.
- Stage
- In committee
- Sponsor
- Al Green
- Introduced
- 2020-05-12
- Latest action
- 2020-05-12 · Introduced in House
Summary
This bill requires the Small Business Administration, in making loan guarantees under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to guarantee that employers with 25 or fewer employees shall receive at least 50% of all loan dollars.