Bill > HR6751

Introduced Session

To amend the Small Business Act to include certain small business concerns in the paycheck protection program, and for other purposes. This bill expands the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to encompass certain small businesses that have accepted funding from an investment company. The investment company may not be a majority stakeholder of the small business, and the small business may not distribute any proceeds of a program loan to the investment company, including through dividends, redemptions, security repurchases, or other transfers or transactions.

AI Summary

Committee Categories

Anna Eshoo (D)*,  Nanette Barragán (D),  Gil Cisneros (D),  Jim Costa (D),  TJ Cox (D),  Dwight Evans (D),  Ro Khanna (D),  Brenda Lawrence (D),  Barbara Lee (D),  Cathy McMorris Rodgers (R),  Dean Phillips (D),  Harley Rouda (D),  Linda Sánchez (D),  Darren Soto (D),  David Trone (D), 

Referred to the House Committee on Small Business. (on 05/08/2020)

Official Document