# 116-hr-6291: Microloan Emergency Assistance Act of 2020

116-hr-6291, Microloan Emergency Assistance Act of 2020, is a 116th Congress bill sponsored by Sen. Kim, Andy [D-NJ] (D-NJ); status Referred to the House Committee on Small Business. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-6291
- 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-6291
- Congress: 116
- Title: Microloan Emergency Assistance Act of 2020
- Status: Referred to the House Committee on Small Business.
- Introduced: 2020-03-19
- Sponsor: Sen. Kim, Andy [D-NJ] (D-NJ)
- Cosponsors: 0
- Policy area: Commerce
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Microloan Emergency Assistance Act of 2020 This bill expands the Microloan Program of the Small Business Administration (SBA). Specifically, the bill increases the amount of funds available to an individual loan intermediary (i.e., a recipient of SBA direct loans that, in turn, makes microloans to startups and newly established or growing small businesses). The bill also makes eligible for certain technical assistance grants an intermediary that, among other requirements, provides at least 25% of its loans to small businesses in an economically distressed area. In addition, the bill temporarily (1) extends repayment terms for microloans, and (2) authorizes the SBA to provide increased amounts for both technical assistance grants and direct loans. The bill also requires the SBA to temporarily waive (1) the requirement that an intermediary contribute non-federal funds as a condition of receiving a technical assistance grant, and (2) the limitation on amounts allowed to be expended to provide certain information and technical assistance.

## Related bills

- 116-hr-8988: Save Jobs During the Pandemic Act of 2020
- 116-hr-8966: COVID–19 Vaccine Awareness Support Act of 2020
- 116-hr-8801: Air America Act of 2020
- 116-hr-8762: Fast Track Advanced Apprenticeships Now Act
- 116-hr-8755: Expanded Telehealth Access Act
- 116-hr-8702: Holding Providers Harmless From Medicare Cuts During COVID–19 Act of 2020

## Sources
- [116-hr-6291 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/6291)

## Related
- [116-hr-8988: Save Jobs During the Pandemic Act of 2020](https://policyrisk.com/legislation/116-hr-8988)
- [116-hr-8966: COVID–19 Vaccine Awareness Support Act of 2020](https://policyrisk.com/legislation/116-hr-8966)
- [116-hr-8801: Air America Act of 2020](https://policyrisk.com/legislation/116-hr-8801)
- [116-hr-8762: Fast Track Advanced Apprenticeships Now Act](https://policyrisk.com/legislation/116-hr-8762)
- [116-hr-8755: Expanded Telehealth Access Act](https://policyrisk.com/legislation/116-hr-8755)
- [116-hr-8702: Holding Providers Harmless From Medicare Cuts During COVID–19 Act of 2020](https://policyrisk.com/legislation/116-hr-8702)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-6291 (as of 2025-11-18).