H.R.6547 - To modify terms related to the economic injury disaster loan program of the Small Business Administration for applicants affected by COVID-19, and for other purposes.116th Congress (2019-2020) |
|Sponsor:||Rep. Roy, Chip [R-TX-21] (Introduced 04/17/2020)|
|Committees:||House - Small Business|
|Latest Action:||House - 04/17/2020 Referred to the House Committee on Small Business. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.6547 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (04/17/2020)
This bill increases the maximum loan amount for a small business disaster loan made in response to COVID-19 (i.e., coronavirus disease 2019), and it requires the Small Business Administration to expedite the loan approval process for such loans.
The fine for a conviction relating to a fraudulent claim for the payment or approval of such a loan shall be three times the amount of the loan.