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116-hr-6817116th Congress

To establish a payroll loan facility for small financial institutions affected by COVID-19, and for other purposes.

Sponsored By: Representative Green, Al [D-TX-9]

Unknown

Summary

This bill provides specified funds to the Department of the Treasury to establish a payroll loan facility that provides loans to small financial institutions. These loans must offer, to the maximum extent practicable, benefits and assistance similar to the Paycheck Protection Program created in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic. Treasury must also establish a loan forgiveness program for these loans.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Green, Al [D-TX-9]

TX • D

Cosponsors

  • Rep. Cleaver, Emanuel [D-MO-5]

    MO • D

    Sponsored 5/12/2020

  • Rep. Scott, David [D-GA-13]

    GA • D

    Sponsored 5/12/2020

  • Rep. Meeks, Gregory W. [D-NY-5]

    NY • D

    Sponsored 6/8/2020

Roll Call Votes

No roll call votes available for this bill.

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