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
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.