To amend the CARES Act to establish a loan program to provide liquidity to eligible lenders for the purpose of providing loans under the Paycheck Protection Program, and for other purposes.
Latest action · Apr 10, 2020 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.
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.
- IntroducedApr 10, 2020
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
This bill requires, and provides funds for, the Department of the Treasury to establish a loan program that provides liquidity to community development financial institutions, small minority depository institutions, and rural banks participating in the Paycheck Protection Program created in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic.
Cosponsors 7
Members who signed on, in the order they did. All signed on Apr 24, 2020.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-FL | Al Lawson, Jr. | Apr 24, 2020 | |
| D-MS | Bennie G. Thompson | Apr 24, 2020 | |
| D-CA | Brad Sherman | Apr 24, 2020 | |
| D-NY | Carolyn B. Maloney | Apr 24, 2020 | |
| D-MO | Emanuel Cleaver | Apr 24, 2020 | |
| D-MA | Stephen F. Lynch | Apr 24, 2020 | |
| D-TX | Vicente Gonzalez | Apr 24, 2020 |
Actions 2
Everything that happened, newest first.
- Apr 10, 2020Introduced in House
- Apr 10, 2020Referred 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.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Appropriations
- Banking and financial institutions regulation
- Cardiovascular and respiratory health
- Credit and credit markets
- Department of the Treasury
- Emergency medical services and trauma care
- Executive agency funding and structure
- Finance and Financial Sector
- Government lending and loan guarantees
- Infectious and parasitic diseases
- Minority and disadvantaged businesses
- Rural conditions and development
- Small business
- Wages and earnings
Text 1
Each version as it was printed, newest first.
- Apr 10, 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.