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Small Business Relief From Communicable Disease Induced Economic Hardship Act of 2020

3/2/2022, 4:13 PM

Congressional Summary of HR 6040

Small Business Relief From Communicable Disease Induced Economic Hardship Act of 2020

This bill expands the definition of a disaster for which the Small Business Administration (SBA) may provide disaster loans to small business concerns to include communicable diseases for which the government issues a travel alert or travel warning, and it authorizes the SBA to make interest free disaster loans to small businesses affected by a disaster for which the government issues a public health emergency.

Current Status of Bill HR 6040

Bill HR 6040 is currently in the status of Bill Introduced since February 28, 2020. Bill HR 6040 was introduced during Congress 116 and was introduced to the House on February 28, 2020.  Bill HR 6040's most recent activity was Referred to the House Committee on Small Business. as of February 28, 2020

Bipartisan Support of Bill HR 6040

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
3
Democrat Cosponsors
3
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6040

Primary Policy Focus

Commerce

Potential Impact Areas

- Disaster relief and insurance
- Emergency medical services and trauma care
- Government lending and loan guarantees
- Health promotion and preventive care
- Infectious and parasitic diseases
- Interest, dividends, interest rates
- Small business
- Travel and tourism

Alternate Title(s) of Bill HR 6040

Small Business Relief From Communicable Disease Induced Economic Hardship Act of 2020
To amend the Small Business Act to ensure small businesses affected by the onset of communicable diseases are eligible for disaster relief.
Small Business Relief From Communicable Disease Induced Economic Hardship Act of 2020

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