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- S.3524
S.3524: Coronavirus Credit Expansion Act
About This Bill
- Introduced March 18, 2020
- Latest Major Action March 18, 2020
Bill Sponsor
Bill Version
- Introduced in Senate - March 18, 2020
Bill Summary
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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 18, 2020 |
Read twice and referred to the Committee on Small Business and Entrepreneurship.
|
| March 18, 2020 |
Introduced in the Senate by Tom Cotton (R-Ark.) |