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116-hr-6679116th Congress

To amend the CARES Act to authorize the financing of inventory of American manufactured products by financial institutions, and for other purposes.

Sponsored By: Representative Kelly, Trent [R-MS-1]

Unknown

Summary

This bill requires the Department of the Treasury to provide financing for finished products manufactured in the United States by manufacturers with less than 2,000 employees. Such financing may not exceed a certain percentage of sales of the finished products. However, financing of certain American-manufactured items produced in response to COVID-19 (i.e., coronavirus disease 2019) shall not be counted in the calculation of such sales.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Kelly, Trent [R-MS-1]

MS • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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