To amend the CARES Act to provide for the prioritization of applications from certain small businesses seeking Payroll Protection Program loans through the Small Business Administration.

Bill: 116-hr-6818
Sponsor: full_name: Rep. Green, Al [D-TX-9]
Introduced: 2020-05-12
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

Temporary and part-time employment

Wages and earnings
Latest action: action_date: 2020-05-12
text: Referred to the House Committee on Small Business.

Summaries:
action_date: 2020-05-12
action_desc: Introduced in House
text: <p>This bill requires the Small Business Administration, in making loan guarantees under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to guarantee that employers with 25 or fewer employees shall receive at least 50% of all loan dollars.</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 6818 IN THE HOUSE OF REPRESENTATIVES May 12, 2020 Mr. Green of Texas (for himself and Mrs. Beatty ) introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the CARES Act to provide for the prioritization of applications from certain small businesses seeking Payroll Protection Program loans through the Small Business Administration.

1. Amendments to the Paycheck Protection Program (a) Set aside for smaller employers Section 7(a)(36) of the Small Business Act ( 15 U.S.C. 636(a)(36) ) is amended— (1) By adding at the end the following: (T) Set aside for smaller employers In making loan guarantees under this paragraph after the date of enactment of this clause, the Administrator shall guarantee that employers having 25 or fewer full-time or part-time employees as of February 15, 2020, shall receive not less than 50 percent of all loan dollars. .