House Bill 6331 - To require the Board of Governors of the Federal Reserve System to establish a credit facility to provide loans to small businesses, including small family farms, during the COVID-19 emergency.

Purpose and Summary

Chamber: House

Introduced date: 2020-03-23

Recent Activity

Referred to the House Committee on Financial Services.

Alternative Names

To require the Board of Governors of the Federal Reserve System to establish a credit facility to provide loans to small businesses, including small family farms, during the COVID-19 emergency.

To require the Board of Governors of the Federal Reserve System to establish a credit facility to provide loans to small businesses, including small family farms, during the COVID-19 emergency.

Associated Legislation

Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act

Workforce Emergency Response Act of 2020

Policy Areas

Finance and Financial Sector

Potential Impact

Agricultural prices, subsidies, credit

Cardiovascular and respiratory health

Emergency medical services and trauma care

Federal Reserve System

Government lending and loan guarantees

Infectious and parasitic diseases

Self-employed

Small business

Sponsors and Supporters

Rep. Beatty, Joyce [D-OH-3]

Cosponsors and Supporters

Rep. Waters, Maxine [D-CA-43]

Committees and Subcommittees

Financial Services Committee

Variations and Revisions