# 116-hr-6892: To amend the CARES Act to add requirements for the Main Street Lending Program related to non-profit organizations, small businesses, minority depository institutions, and community development financial institutions, and for other purposes.

116-hr-6892, To amend the CARES Act to add requirements for the Main Street Lending Program related to non-profit organizations, small businesses, minority depository institutions, and community development financial institutions, and for other purposes., is a 116th Congress bill sponsored by Rep. Beatty, Joyce [D-OH-3] (D-OH); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-6892
- 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-6892
- Congress: 116
- Title: To amend the CARES Act to add requirements for the Main Street Lending Program related to non-profit organizations, small businesses, minority depository institutions, and community development financial institutions, and for other purposes.
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-05-15
- Sponsor: Rep. Beatty, Joyce [D-OH-3] (D-OH)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

This bill expands existing COVID-19 (i.e., coronavirus disease 2019) economic aid programs to include nonprofit organizations and institutions of higher education. Specifically, the Federal Reserve Board must make these organizations eligible for the Main Street Lending Program, which is currently available to small- and mid-sized businesses. The board must create low-cost loan options for nonprofit organizations, as well offer loan forgiveness to certain nonprofit organizations that predominately serve low-income communities. The Main Street Lending Program must offer loans that do not have a minimum loan size and includes the ability to defer payments without capitalization of interest to small businesses, nonprofits, and institutions of higher education. The board must authorize community development financial institutions to be eligible lenders.

## Related bills

- 116-hr-8908: Cost of Police Misconduct Act of 2020
- 116-hr-8898: Neglected Infections of Impoverished Americans Act of 2020
- 116-hr-8893: Coronavirus Assistance for American Families Act
- 116-hr-8856: To award a Congressional Gold Medal to the Freedom Riders, collectively, in recognition of their unique contribution to Civil Rights, which inspired a revoluti…
- 116-hr-8782: Keeping All Students Safe Act
- 116-hr-8755: Expanded Telehealth Access Act

## Sources
- [116-hr-6892 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/6892)

## Related
- [116-hr-8908: Cost of Police Misconduct Act of 2020](https://policyrisk.com/legislation/116-hr-8908)
- [116-hr-8898: Neglected Infections of Impoverished Americans Act of 2020](https://policyrisk.com/legislation/116-hr-8898)
- [116-hr-8893: Coronavirus Assistance for American Families Act](https://policyrisk.com/legislation/116-hr-8893)
- [116-hr-8856: To award a Congressional Gold Medal to the Freedom Riders, collectively, in rec…](https://policyrisk.com/legislation/116-hr-8856)
- [116-hr-8782: Keeping All Students Safe Act](https://policyrisk.com/legislation/116-hr-8782)
- [116-hr-8755: Expanded Telehealth Access Act](https://policyrisk.com/legislation/116-hr-8755)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-6892 (as of 2025-11-18).