Summary: S.3524 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.3524. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (03/18/2020)

Coronavirus Credit Expansion Act

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.