H.R.6679 - To amend the CARES Act to authorize the financing of inventory of American manufactured products by financial institutions, and for other purposes.116th Congress (2019-2020) |
|Sponsor:||Rep. Kelly, Trent [R-MS-1] (Introduced 05/01/2020)|
|Committees:||House - Financial Services|
|Latest Action:||House - 05/01/2020 Referred to the House Committee on Financial Services. (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.6679 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (05/01/2020)
This bill requires the Department of the Treasury to provide financing for finished products manufactured in the United States by manufacturers with less than 2,000 employees.
Such financing may not exceed a certain percentage of sales of the finished products. However, financing of certain American-manufactured items produced in response to COVID-19 (i.e., coronavirus disease 2019) shall not be counted in the calculation of such sales.