Increasing Access to Capital Act of 2020

2/9/2022, 12:29 AM

Increasing Access to Capital Act of 2020

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.

Congress
116
Number
HR - 6303
Introduced on
2020-03-19
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

3/19/2020
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Increasing Access to Capital Act of 2020

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.

Alternative Names
Official Title as IntroducedTo temporarily reduce fees for certain loans under the Small Business Administration, to increase guarantee amounts on certain loans, and for other purposes.
Policy Areas
Commerce
Potential Impact
Cardiovascular and respiratory health•
Emergency medical services and trauma care•
Government lending and loan guarantees•
Industrial facilities•
Infectious and parasitic diseases•
Manufacturing•
Small business•
User charges and fees•
Veterans' education, employment, rehabilitation•
Veterans' loans, housing, homeless programs

Comments

Related

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Recent Activity

Latest Summary4/3/2020

Increasing Access to Capital Act of 2020

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 g...

Latest Action3/19/2020
Referred to the House Committee on Small Business.