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.

2/8/2022, 11:17 PM

This bill requires the Federal Reserve Board to establish a credit facility to provide loans to certain small businesses during the COVID-19 (i.e., coronavirus disease 2019) emergency.

Congress
116
Number
HR - 6331
Introduced on
2020-03-23
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

3/23/2020
Text
PDF
XML

Status of Legislation

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

Purpose and Summary

This bill requires the Federal Reserve Board to establish a credit facility to provide loans to certain small businesses during the COVID-19 (i.e., coronavirus disease 2019) emergency.

Alternative Names
Official Title as IntroducedTo 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.
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

Comments

Recent Activity

Latest Summary4/22/2020

This bill requires the Federal Reserve Board to establish a credit facility to provide loans to certain small businesses during the COVID-19 (i.e., coronavirus disease 2019) emergency.

Latest Action3/23/2020
Referred to the House Committee on Financial Services.