H.R. 8537 · 116th Congress
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.
- Stage
- In committee
- Sponsor
- Jared Golden
- Introduced
- 2020-10-06
- Latest action
- 2020-10-06 · Introduced in House
Summary
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.