Increasing Access to Capital Act of 2020
Latest action · Mar 19, 2020 Referred to the House Committee on Small Business.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 19, 2020
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 17
Members who signed on, in the order they did. Signatures ran from Mar 23, 2020 to Apr 17, 2020.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-IN | André Carson | Mar 23, 2020 | |
| D-CO | Diana DeGette | Mar 23, 2020 | |
| D-PA | Dwight Evans | Mar 23, 2020 | |
| D-CO | Ed Perlmutter | Mar 23, 2020 | |
| D-DC | Eleanor Holmes Norton | Mar 23, 2020 | |
| D-CA | Harley Rouda | Mar 23, 2020 | |
| D-CA | J. Luis Correa | Mar 23, 2020 | |
| D-CA | Jimmy Panetta | Mar 23, 2020 | |
| D-CO | Joe Neguse | Mar 23, 2020 | |
| D-NY | Nydia M. Velázquez | Mar 23, 2020 | |
| D-FL | Theodore E. Deutch | Mar 23, 2020 | |
| D-FL | Al Lawson, Jr. | Mar 26, 2020 | |
| D-CA | Jerry McNerney | Mar 26, 2020 | |
| D-CA | Tony Cárdenas | Mar 26, 2020 | |
| D-PA | Conor Lamb | Apr 3, 2020 | |
| D-TX | Lizzie Fletcher | Apr 3, 2020 | |
| D-CA | Ted Lieu | Apr 17, 2020 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Small Business Committee | Referred Mar 19, 2020 |
Actions 2
Everything that happened, newest first.
- Mar 19, 2020Introduced in House
- Mar 19, 2020Referred to the House Committee on Small Business.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 166, no. 53, March 19, 2020, page H1712.
Related bills 4
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3554 | COVID–19 RELIEF for Small Businesses Act of 2020 | Related bill | Mar 20, 2020 |
| HR 6312 | COVID–19 Relief for Small Businesses Act of 2020 | Related bill | Mar 19, 2020 |
| HR 6379 | Workforce Emergency Response Act of 2020 | Related bill | Mar 23, 2020 |
| HR 6800 | The Heroes Act | Related bill | Jul 23, 2020 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To temporarily reduce fees for certain loans under the Small Business Administration, to increase guarantee amounts on certain loans, and for other purposes.
- Short Title(s) as Introduced
- Increasing Access to Capital Act of 2020
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
- Cardiovascular and respiratory health
- Commerce
- 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
Text 1
Each version as it was printed, newest first.
- Mar 19, 2020Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
