US HR6303

Bill

Increasing Access to Capital Act of 2020

Introduced
03/19/2020

In Committee
03/19/2020

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To temporarily reduce fees for certain loans under the Small Business Administration, to increase guarantee amounts on certain loans, and for other purposes. This bill requires the Small Business Administration (SBA) to temporarily waive, or reduce to the maximum extent possible, certain fees on SBA loans. The bill also temporarily increases the guarantee amount and loan size for certain SBA loans, including express loans, and it permanently waives the guarantee fee on SBA loans for veterans.

AI Summary

This bill, the Increasing Access to Capital Act of 2020, temporarily reduces fees for certain Small Business Administration (SBA) loans, increases guarantee amounts on certain SBA loans (including express loans), and permanently waives the guarantee fee on SBA loans for veterans. Specifically, the bill requires the SBA to temporarily waive or reduce certain loan fees, temporarily increases the guarantee amount and loan size for certain SBA loans, and permanently waives the guarantee fee on SBA loans for veterans. The bill also temporarily increases the maximum loan amount for both 7(a) and 504 loans.

Committee Categories

Business and Industry

Sponsors (18)

Jason Crow (D)*, Tony Cárdenas (D), André Carson (D), Lou Correa (D), Diana DeGette (D), Theodore Deutch (D), Dwight Evans (D), Lizzie Fletcher (D), Conor Lamb (D), Al Lawson (D), Ted Lieu (D), Jerry McNerney (D), Joe Neguse (D), Eleanor Holmes Norton (D), Jimmy Panetta (D), Ed Perlmutter (D), Harley Rouda (D), Nydia Velázquez (D),

Last Action

Referred to the House Committee on Small Business. (on 03/19/2020)

Official Document

https://www.congress.gov/bill/116th-congress/house-bill/6303/all-info

(5 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/116th-congress/house-bill/6303/all-info
BillText	https://www.congress.gov/116/bills/hr6303/BILLS-116hr6303ih.pdf
Bill	https://www.congress.gov/116/bills/hr6303/BILLS-116hr6303ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR6312	COVID–19 Relief for Small Businesses Act of 2020	Referred to the House Committee on Small Business.	Related
HR6379	Take Responsibility for Workers and Families Act Workforce Emergency Response Act of 2020	Referred to the Committee on Appropriations, and in addition to the Committees on the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Related
HR6800	The Heroes Act	Committee on Small Business and Entrepreneurship. Hearings held.	Related
HRes967	Providing for consideration of the resolution (H. Res. 965) authorizing remote voting by proxy in the House of Representatives and providing for official remote committee proceedings during a public health emergency due to a novel coronavirus, and for other purposes; providing for consideration of the bill (H.B. 6800) making emergency supplemental appropriations for the fiscal year ending September 30, 2020, and for other purposes; providing for proceedings during the period from May 19, 2020, t	Motion to reconsider laid on the table Agreed to without objection.	Similar To
S3554	COVID–19 RELIEF for Small Businesses Act of 2020 COVID–19 Recovery by Enhancing Loan, Investment, and Education Funds for Small Businesses Act of 2020	Read twice and referred to the Committee on Small Business and Entrepreneurship.	Related

Bill > HR6303

US HR6303

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (18)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary