Bill
Bill > HR6426
US HR6426
US HR6426To direct the Secretary of Health and Human Services to establish a program under which loans shall be made to certain health care organizations to assist such organizations with anticipated revenue loss or higher operating costs as a result of the COVID-19 emergency, and for other purposes.
summary
Introduced
03/31/2020
03/31/2020
In Committee
03/31/2020
03/31/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To direct the Secretary of Health and Human Services to establish a program under which loans shall be made to certain health care organizations to assist such organizations with anticipated revenue loss or higher operating costs as a result of the COVID-19 emergency, and for other purposes. This bill requires the Department of Health and Human Services to provide low-interest loans to eligible health care organizations that anticipate revenue losses or higher operating costs due to the COVID-19 (i.e., coronavirus disease 2019) emergency. The bill provides appropriations for this purpose. Eligible organizations include but are not limited to hospitals, skilled nursing facilities, and physician practices that participate in the Medicare or Medicaid program.
AI Summary
This bill requires the Department of Health and Human Services to provide low-interest loans to eligible health care organizations, such as hospitals, skilled nursing facilities, and physician practices that participate in Medicare or Medicaid, to assist them with anticipated revenue loss or higher operating costs due to the COVID-19 emergency. The bill sets the interest rate for these loans at no more than 2% and the initial loan term at 1 year minus 1 day, with the option to extend the term for up to 19 additional years. The bill also provides $80 billion in appropriations to carry out this program.
Committee Categories
Business and Industry
Sponsors (8)
Max Rose (D)*,
G. Butterfield (D),
Tony Cárdenas (D),
Jim Cooper (D),
Jahana Hayes (D),
John Sarbanes (D),
Darren Soto (D),
Jeff Van Drew (R),
Last Action
Referred to the House Committee on Energy and Commerce. (on 03/31/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/6426/all-info |
| BillText | https://www.congress.gov/116/bills/hr6426/BILLS-116hr6426ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr6426/BILLS-116hr6426ih.pdf.pdf |
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