H.R. 8686 · 116th Congress
Small Business COVID–19 Debt Relief Extension Act of 2020
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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.
No cosponsors.
This bill extends for an additional six months the Small Business Debt Relief Program, under which the Small Business Administration (SBA), in response to COVID-19 (i.e., coronavirus disease 2019), was authorized to subsidize six months of payments for certain SBA-backed loan products on behalf of the recipients of these loans.
What it does: CRS summary · Introduced in House · Oct 27, 2020
Small Business COVID-19 Debt Relief Extension Act of 2020
This bill extends for an additional six months the Small Business Debt Relief Program, under which the Small Business Administration (SBA), in response to COVID-19 (i.e., coronavirus disease 2019), was authorized to subsidize six months of payments for certain SBA-backed loan products on behalf of the recipients of these loans. Further, a small business that submits a new application for an SBA-backed loan prior to March 30, 2021, may receive a six month subsidy.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Small Business COVID–19 Debt Relief Extension Act of 2020
Latest action (Oct 27, 2020): Referred to the House Committee on Small Business.
Policy area: Commerce · Origin: House · Introduced: Oct 27, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.