EIDL Oversight Act of 2021

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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 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

R LuetkemeyerSponsor

13 cosponsors · 13 R

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

This bill establishes oversight requirements for economic injury disaster loans and advances made on those loans.

What it does: CRS summary · Introduced in House · May 13, 2021

EIDL Oversight Act of 2021

This bill establishes oversight requirements for economic injury disaster loans and advances made on those loans. Such requirements include directing the Small Business Administration (SBA) to (1) ensure that loan and advance proceeds are deposited in a legitimate account of a borrower, (2) ensure that any modification of a request for a loan or an advance is reviewed by an SBA employee, and (3) verify the legitimacy of loan or advance applicants through tax returns or other documentation.

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

About this bill and sources

Official title: EIDL Oversight Act of 2021

Latest action (May 13, 2021): Referred to the House Committee on Small Business.

Policy area: Commerce · Origin: House · Introduced: May 13, 2021

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

No recorded floor vote found.