S. 5011 · 116th Congress
Economic Empowerment for Underserved Communities Act
- Stage
- In committee
- Sponsor
- Kelly Loeffler
- Introduced
- 2020-12-11
- Latest action
- 2020-12-11 · Introduced in Senate
Summary
Economic Empowerment for Underserved Communities Act
This bill provides economic assistance to small businesses impacted by COVID-19 (i.e., coronavirus disease 2019), including through (1) the designation of specified amounts for the Community Development Financial Institutions Fund, (2) the establishment of a Small Business and Domestic Production Recovery Investment Facility, and (3) the extension of the requirement that the Small Business Administration subsidize certain loan payments.