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Small Business Relief From Communicable Disease Induced Economic Hardship Act of 2020
2/9/2022, 1:25 AM
Congressional Summary of S 3531
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.
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Current Status of Bill S 3531
Bill S 3531 is currently in the status of Bill Introduced since March 18, 2020. Bill S 3531 was introduced during Congress 116 and was introduced to the Senate on March 18, 2020. Bill S 3531's most recent activity was Read twice and referred to the Committee on Small Business and Entrepreneurship. as of March 18, 2020
Bipartisan Support of Bill S 3531
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
2Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3531
Primary Policy Focus
CommercePotential 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 S 3531
Small Business Relief From Communicable Disease Induced Economic Hardship Act of 2020
Small Business Relief From Communicable Disease Induced Economic Hardship Act of 2020
A bill to amend the Small Business Act to ensure small businesses affected by the onset of communicable diseases are eligible for disaster relief.
Comments
Sponsors and Cosponsors of S 3531
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