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- H.R.6817
H.R.6817: To establish a payroll loan facility for small financial institutions affected by COVID-19, and for other purposes.
About This Bill
- Introduced May 12, 2020
- Latest Major Action May 12, 2020
Bill Sponsor
Bill Cosponsors
3 (All Democrats)
Bill Version
- Introduced in House - May 12, 2020
Bill Summary
This bill provides specified funds to the Department of the Treasury to establish a payroll loan facility that provides loans to small financial institutions. These loans must offer, to the maximum extent practicable, benefits and assistance similar to the Paycheck Protection Program created in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic. Treasury must also establish a loan forgiveness program for these loans.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 12, 2020 |
Referred to the House Committee on Financial Services.
|
| May 12, 2020 |
Introduced in the House by Al Green (D-Texas) |