H.R. 6817 · 116th Congress
To establish a payroll loan facility for small financial institutions affected by COVID-19, and for other…
Full title
To establish a payroll loan facility for small financial institutions affected by COVID-19, and for other purposes.
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
GreenSponsor3 cosponsors · 3 D
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill provides specified funds to the Department of the Treasury to establish a payroll loan facility that provides loans to small financial institutions.
What it does: CRS summary · Introduced in House · May 12, 2020
This bill provides specified funds to the Department of the Treasury to establish a payroll loan facility that provides loans to small financial institutions. These loans must offer, to the maximum extent practicable, benefits and assistance similar to the Paycheck Protection Program created in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic. Treasury must also establish a loan forgiveness program for these loans.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To establish a payroll loan facility for small financial institutions affected by COVID-19, and for other purposes.
Latest action (May 12, 2020): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: May 12, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.