# 116-hr-6312: COVID–19 Relief for Small Businesses Act of 2020

116-hr-6312, COVID–19 Relief for Small Businesses 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-6312
- 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-6312
- Congress: 116
- Title: COVID–19 Relief for Small Businesses Act of 2020
- Status: Referred to the House Committee on Small Business.
- Introduced: 2020-03-19
- Sponsor: Rep. Velázquez, Nydia M. [D-NY-7] (D-NY)
- Cosponsors: 2
- Policy area: Commerce
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

COVID-19 Relief for Small Businesses Act of 2020 This bill establishes measures to support small businesses impacted by COVID-19 (i.e., coronavirus disease 2019). Specifically, the SBA must temporarily make or guarantee loans for specified uses to small businesses in a state or territory with a case of COVID-19, up to 50% of which may be forgiven; pay the principal, interest, and associated fees owed on certain small business loans for a six-month period; provide grants to small businesses suffering substantial economic injury because of COVID-19; provide grants to small business development centers, women's business centers, and chapters of the Service Corps of Retired Executives for specified purposes; reimburse grant recipients under the State Trade Expansion Program for an amount of losses related to COVID-19; provide SBA resources and services in the 10 most commonly spoken languages, other than English, in the United States, including Mandarin, Cantonese, Japanese, and Korean. In addition, the SBA may make economic injury disaster loans to small businesses in response to COVID-19 and waive certain requirements on such loans. The bill also temporarily increases guarantee amounts and loan sizes for certain SBA loans, temporarily waives or reduces certain fees on SBA loans, and permanently waives the guarantee fee on SBA loans for veterans; revises the Microloan Program; provides additional leverage for small businesses affected by COVID-19; reestablishes the New Markets Venture Capital Program; and requires a federal agency to provide additional performance time to small business contractors and to pay such contractors regardless of delay due to COVID-19.

## Cosponsors (2)

- Rep. Evans, Dwight [D-PA-3] (D-PA), 2020-03-23T00:00:00.000Z
- ELIOT ENGEL (D-NY), 2020-03-23T00:00:00.000Z

## Related bills

- 116-hr-8402: To direct the Joint Committee on the Library to obtain a statue of Ruth Bader Ginsburg and to place the statue in the United States Capitol in National Statuar…
- 116-hr-8363: Protecting Our Democracy Act
- 116-hr-8270: I am Vanessa Guillén Act of 2020
- 116-hr-8015: Delivering for America Act
- 116-hr-7308: RISE Act
- 116-hr-7292: The COVID-19 Hospital and Health Provider Loan Forgiveness Act of 2020

## Sources
- [116-hr-6312 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/6312)

## Related
- [116-hr-8402: To direct the Joint Committee on the Library to obtain a statue of Ruth Bader G…](https://policyrisk.com/legislation/116-hr-8402)
- [116-hr-8363: Protecting Our Democracy Act](https://policyrisk.com/legislation/116-hr-8363)
- [116-hr-8270: I am Vanessa Guillén Act of 2020](https://policyrisk.com/legislation/116-hr-8270)
- [116-hr-8015: Delivering for America Act](https://policyrisk.com/legislation/116-hr-8015)
- [116-hr-7308: RISE Act](https://policyrisk.com/legislation/116-hr-7308)
- [116-hr-7292: The COVID-19 Hospital and Health Provider Loan Forgiveness Act of 2020](https://policyrisk.com/legislation/116-hr-7292)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-6312 (as of 2025-11-18).