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To establish a Small Business Financial Assistance Program to support small businesses during the COVID-19 emergency, and for other purposes.

2/8/2022, 11:17 PM

Congressional Summary of HR 6333

This bill requires the Department of the Treasury to establish a Small Business Financial Assistance Program to provide loans and loan guarantees to small businesses.

Such loans shall be zero-interest loans, provided a recipient does not involuntarily terminate any employee during the COVID-19 (i.e., coronavirus disease 2019) emergency. If a recipient demonstrates that its full-time employment has not decreased after one year, the Treasury shall forgive the remaining outstanding principal and interest on such loan or loan guarantee. Further, the Treasury may, upon request, provide applicants with a cash advance on such loans.

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Current Status of Bill HR 6333

Bill HR 6333 is currently in the status of Bill Introduced since March 23, 2020. Bill HR 6333 was introduced during Congress 116 and was introduced to the House on March 23, 2020.  Bill HR 6333's most recent activity was Referred to the Committee on Small Business, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of March 23, 2020

Bipartisan Support of Bill HR 6333

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

Policy Area and Potential Impact of Bill HR 6333

Primary Policy Focus

Commerce

Potential Impact Areas

- Agricultural prices, subsidies, credit
- Cardiovascular and respiratory health
- Emergency medical services and trauma care
- Employee hiring
- Government lending and loan guarantees
- Infectious and parasitic diseases
- Interest, dividends, interest rates
- Self-employed
- Small business
- Unemployment

Alternate Title(s) of Bill HR 6333

To establish a Small Business Financial Assistance Program to support small businesses during the COVID-19 emergency, and for other purposes.
To establish a Small Business Financial Assistance Program to support small businesses during the COVID-19 emergency, and for other purposes.

Comments

Sponsors and Cosponsors of HR 6333

Joyce Beatty
Joyce Beatty
OhioDemocrat
Maxine Waters
Maxine Waters
CaliforniaDemocrat

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