Voice your opinion on congressional bill S3519-116 and let lawmakers know your stance with UnPac!

Main Subject: Commerce

This bill requires the Small Business Administration (SBA) to pay the principal, interest, and any associated fees owed on certain loans made to small businesses for a six month period.

The SBA must also encourage the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and state bank regulators to not require lenders to increase their reserves on account of receiving such payments made by the SBA. The SBA shall waive statutory limits on maximum loan maturities for certain loan durations where the lender provides a deferral and extends the maturity of such loans and, when necessary to provide more time because of difficulties during the COVID-19 (i.e., coronavirus disease 2019) pandemic, extend lender site visit requirements.

HR748-116, HR6304-116, HR6312-116, HR6379-116,

Categories

Bank accounts, deposits, capital Banking and financial institutions regulation Business investment and capital Cardiovascular and respiratory health Credit and credit markets Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Interest, dividends, interest rates Minority and disadvantaged businesses Small business Veterans' education, employment, rehabilitation Veterans' loans, housing, homeless programs Women in business Bank accounts deposits capital Interest dividends interest rates Veterans' education employment rehabilitation Veterans' loans housing homeless programs Commerce

Senate Actions

IntroReferral
Mar. 18 2020	Read twice and referred to the Committee on Small Business and Entrepreneurship.

Library of Congress Actions

IntroReferral
Mar. 18 2020	Introduced in Senate

Senate bill S3519-116

A bill to authorize the Administrator of the Small Business Administration to subsidize payments on loans guaranteed under the 7(a) and 504 loan programs or made using funds under the microloan program, and for other purposes.

Senate bill S3519-116

A bill to authorize the Administrator of the Small Business Administration to subsidize payments on loans guaranteed under the 7(a) and 504 loan programs or made using funds under the microloan program, and for other purposes.

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