# 116-hr-6341: Small Business Relief Guaranteed Loan Program Act of 2020

116-hr-6341, Small Business Relief Guaranteed Loan Program Act of 2020, is a 116th Congress bill sponsored by Rep. Craig, Angie [D-MN-2] (D-MN); status Referred to the House Committee on Small Business. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-6341
- 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-6341
- Congress: 116
- Title: Small Business Relief Guaranteed Loan Program Act of 2020
- Status: Referred to the House Committee on Small Business.
- Introduced: 2020-03-23
- Sponsor: Rep. Craig, Angie [D-MN-2] (D-MN)
- Cosponsors: 0
- Policy area: Commerce
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Small Business Relief Guaranteed Loan Program Act of 2020 This bill requires the Small Business Administration (SBA) to carry out a temporary program to guarantee loans made by banks or other lenders to small businesses affected by COVID-19 (i.e., coronavirus disease 2019). Such loans shall be zero-interest, fee-free loans, and up to 50% of the principal on such loans shall be forgiven if a recipient demonstrates that its employment has not decreased between December 31, 2019, and December 31, 2021. In addition to permitted uses of SBA loans, such guaranteed loans may also be used for purposes such as providing employees of the borrower with (1) benefits and wages, (2) technology for shifting to telework or remote work, or (3) necessary items specified by a public health authority to mitigate the spread of COVID-19.

## Related bills

- 116-hr-8891: To designate the facility of the United States Postal Service located at 229 Minnetonka Avenue South in Wayzata, Minnesota, as the "Jim Ramstad Post Office".
- 116-hr-8880: HONEST Enterprise Act
- 116-hr-8665: Extending Tribal Broadband Priority Act of 2020
- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-8555: Vaccine Fairness Act of 2020
- 116-hr-8431: Strengthening Local Processing Act

## Sources
- [116-hr-6341 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/6341)

## Related
- [116-hr-8891: To designate the facility of the United States Postal Service located at 229 Mi…](https://policyrisk.com/legislation/116-hr-8891)
- [116-hr-8880: HONEST Enterprise Act](https://policyrisk.com/legislation/116-hr-8880)
- [116-hr-8665: Extending Tribal Broadband Priority Act of 2020](https://policyrisk.com/legislation/116-hr-8665)
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-8555: Vaccine Fairness Act of 2020](https://policyrisk.com/legislation/116-hr-8555)
- [116-hr-8431: Strengthening Local Processing Act](https://policyrisk.com/legislation/116-hr-8431)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-6341 (as of 2025-11-18).