To direct the Administrator of the Small Business Administration to modify any caps on emergency EIDL advances to certain veterans service organizations, and for other purposes.

Bill: 116-hr-8537
Sponsor: full_name: Rep. Golden, Jared F. [D-ME-2]
Introduced: 2020-10-06
Policy area: Commerce
Subjects: Business expenses

Cardiovascular and respiratory health

Emergency medical services and trauma care

Government lending and loan guarantees

Infectious and parasitic diseases

Small business

Veterans' organizations and recognition

Wages and earnings
Latest action: action_date: 2020-10-06
text: Referred to the House Committee on Small Business.

Summaries:
action_date: 2020-10-06
action_desc: Introduced in House
text: <p>This bill prohibits the Small Business Administration from placing a cap that is less than $5,000 on any advance for an economic injury disaster loan that is made in response to COVID-19 (i.e., coronavirus disease 2019) to a veterans service organization (VSO) with only one employee. A VSO aids veterans with the preparation, presentation, and prosecution of claims under laws administered by the Department of Veterans Affairs.</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 8537 IN THE HOUSE OF REPRESENTATIVES October 6, 2020 Mr. Golden (for himself and Mr. Kelly of Mississippi ) introduced the following bill; which was referred to the Committee on Small Business A BILL To direct the Administrator of the Small Business Administration to modify any caps on emergency EIDL advances to certain veterans service organizations, and for other purposes.

1. Amount of emergency EIDL advances for certain veterans service organizations Notwithstanding any other provision of law, the Administrator of the Small Business Administration shall ensure that a veterans service organization with not more than one employee that applies for an advance under section 1110(e) of the CARES Act ( 15 U.S.C. 9005(e) ) is not subject to a cap on such advance that is less than $5,000.