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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (3)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Maximizing Our Money and Addressing Novel Disasters by Protecting Our Proprietors Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To require the Administrator of the Small Business Administration reserve amounts appropriated under the paycheck protection program for small entities, and for other purposes.

Actions Overview (1)

Date Actions Overview
05/22/2020Introduced in House

All Actions (2)

Date All Actions
05/22/2020Referred to the House Committee on Small Business.
Action By: House of Representatives
05/22/2020Introduced in House
Action By: House of Representatives

Cosponsors (1)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Blunt Rochester, Lisa [D-DE-At Large]* 05/22/2020

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Small Business05/22/2020 Referred to

As of 07/02/2020 no related bill information has been received for H.R.6960 - MOM-AND-POP Act

Latest Summary (1)

There is one summary for H.R.6960. View summaries

Shown Here:
Introduced in House (05/22/2020)

Maximizing Our Money and Addressing Novel Disasters by Protecting Our Proprietors Act or the MOM-AND-POP Act

This bill reserves assistance under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), for specified small entities.

Specifically, the bill establishes a set-aside of at least 25% of amounts appropriated for paycheck protection loans to guarantee loans of $150,000 or less made to small entities such as a (1) business or nonprofit with 25 employees or fewer, (2) sole proprietor, or (3) self-employed individual.

The Small Business Administration must consider implementing a similar set-aside for any future loan programs created in direct response to a major disaster.