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S. 5011 · 116th Congress

Economic Empowerment for Underserved Communities Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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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.

2 cosponsors · 2 R

2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

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…

What it does: CRS summary · Introduced in Senate · Dec 11, 2020

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Economic Empowerment for Underserved Communities Act

Latest action (Dec 11, 2020): Read twice and referred to the Committee on Finance.

Policy area: Commerce · Origin: Senate · Introduced: Dec 11, 2020

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.