H.R. 6547 — To modify terms related to the economic injury disaster loan program of the Small Business Administration for applicants affected by COVID-19, and for other purposes.

Summary

This bill increases the maximum loan amount for a small business disaster loan made in response to COVID-19 (i.e., coronavirus disease 2019), and it requires the Small Business Administration to expedite the loan approval process for such loans.

The fine for a conviction relating to a fraudulent claim for the payment or approval of such a loan shall be three times the amount of the loan.

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Related Legislation

S. 3524Coronavirus Credit Expansion Act
2020-03-18Read twice and referred to the Committee on Small Business and Entrepreneurship.
Related

Legislative Actions

2020-04-17
Introduced in House
2020-04-17
Introduced in House
2020-04-17
Referred to the House Committee on Small Business.

To modify terms related to the economic injury disaster loan program of the Small Business Administration for applicants affected by COVID-19, and for other purposes.

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