US Congress House Bill 6960 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on May 22 2020 - 25% progression, died in committee
Action: 2020-05-22 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]

Reserves assistance under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), for specified small entities. Specifically, the bill establishes a set-aside of at least 25% of amounts appropriated for paycheck protection loans to guarantee loans of $150,000 or less made to small entities such as a (1) business or nonprofit with 25 employees or fewer, (2) sole proprietor, or (3) self-employed individual. The Small Business Administration must consider implementing a similar set-aside for any future loan programs created in direct response to a major disaster.

MOM-AND-POP Act Maximizing Our Money and Addressing Novel Disasters by Protecting Our Proprietors Act

Rep. Gus Bilirakis [R-FL]

Rep. Lisa Rochester [D-DE]

Date	Chamber	Action
2020-05-22	House	Referred to the House Committee on Small Business.
2020-05-22	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/6960/all-info
Text	https://www.congress.gov/116/bills/hr6960/BILLS-116hr6960ih.pdf