# 116-hr-6268: SBA Business Stabilization Direct Loan Program Act of 2020

116-hr-6268, SBA Business Stabilization Direct Loan Program Act of 2020, is a 116th Congress bill sponsored by Rep. Velázquez, Nydia M. [D-NY-7] (D-NY); status Referred to the House Committee on Small Business. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-6268
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-6268
- Congress: 116
- Title: SBA Business Stabilization Direct Loan Program Act of 2020
- Status: Referred to the House Committee on Small Business.
- Introduced: 2020-03-12
- Sponsor: Rep. Velázquez, Nydia M. [D-NY-7] (D-NY)
- Cosponsors: 8
- Policy area: Commerce
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

SBA Business Stabilization Direct Loan Program Act of 2020 This bill requires the Small Business Administration (SBA) to temporarily make loans directly to small businesses located in a U.S. state or territory with a confirmed or presumed positive case of COVID-19 (i.e., coronavirus disease 2019). A recipient of such a loan may use the funds to, among other things (1) make periodic payments of principal and interest on outstanding SBA loans; (2) provide benefits to employees such as disability insurance, sick leave, and paid family leave; (3) pay wages to employees; or (4) provide employees and patrons with the necessary items specified by a public health authority to mitigate the spread of the coronavirus. The SBA shall accept any available collateral to secure such a loan and shall not decline to make a loan to an otherwise eligible borrower due solely to inadequate collateral.

## Cosponsors (8)

- Rep. Evans, Dwight [D-PA-3] (D-PA), 2020-03-13T00:00:00.000Z
- Rep. Houlahan, Chrissy [D-PA-6] (D-PA), 2020-03-13T00:00:00.000Z
- Rep. Schneider, Bradley Scott [D-IL-10] (D-IL), 2020-03-13T00:00:00.000Z
- Rep. Crow, Jason [D-CO-6] (D-CO), 2020-03-13T00:00:00.000Z
- Rep. Chu, Judy [D-CA-28] (D-CA), 2020-03-16T00:00:00.000Z
- Rep. Espaillat, Adriano [D-NY-13] (D-NY), 2020-03-16T00:00:00.000Z
- Sen. Kim, Andy [D-NJ] (D-NJ), 2020-03-23T00:00:00.000Z
- Rep. Delgado, Antonio [D-NY-19] (D-NY), 2020-03-23T00:00:00.000Z

## Related bills

- 116-hr-7642: Coronavirus Economic Relief for Transportation Services Act
- 116-hr-7197: RESTAURANTS Act of 2020
- 116-hr-7120: George Floyd Justice in Policing Act of 2020
- 116-hr-7092: Great American Outdoors Act
- 116-hr-3589: Greg LeMond Congressional Gold Medal Act
- 116-hr-2474: Protecting the Right to Organize Act of 2019

## Sources
- [116-hr-6268 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/6268)

## Related
- [116-hr-7642: Coronavirus Economic Relief for Transportation Services Act](https://policyrisk.com/legislation/116-hr-7642)
- [116-hr-7197: RESTAURANTS Act of 2020](https://policyrisk.com/legislation/116-hr-7197)
- [116-hr-7120: George Floyd Justice in Policing Act of 2020](https://policyrisk.com/legislation/116-hr-7120)
- [116-hr-7092: Great American Outdoors Act](https://policyrisk.com/legislation/116-hr-7092)
- [116-hr-3589: Greg LeMond Congressional Gold Medal Act](https://policyrisk.com/legislation/116-hr-3589)
- [116-hr-2474: Protecting the Right to Organize Act of 2019](https://policyrisk.com/legislation/116-hr-2474)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-6268 (as of 2025-11-18).