Increasing Access to Capital Act of 2020

House Bill 6303 - Increasing Access to Capital Act of 2020: Overview, Status, and Impact

Hozzl · 2022-02-09T00:29:08Z

Explore the details of House Bill 6303 Increasing Access to Capital Act of 2020 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

2/9/2022, 12:29 AM

Congressional Summary of HR 6303

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.

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Current Status of Bill HR 6303

Bill HR 6303 is currently in the status of Bill Introduced since March 19, 2020. Bill HR 6303 was introduced during Congress 116 and was introduced to the House on March 19, 2020. Bill HR 6303's most recent activity was Referred to the House Committee on Small Business. as of March 19, 2020

Bipartisan Support of Bill HR 6303

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 6303

Primary Policy Focus

Commerce

Potential Impact Areas

- 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

Alternate Title(s) of Bill HR 6303

Increasing Access to Capital Act of 2020

To temporarily reduce fees for certain loans under the Small Business Administration, to increase guarantee amounts on certain loans, and for other purposes.

Increasing Access to Capital Act of 2020