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Bills
House Bill 6304
116th Congress(2019-2020)
Small Business Repayment Relief Act of 2020
Introduced
Introduced
Introduced in House on Mar 19, 2020
Overview
Text
Introduced
Mar 19, 2020
Latest Action
Mar 19, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
6304
Congress
116
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
Antonio Delgado
New York
Democrat
Judy Chu
California
Democrat
Jason Crow
Colorado
Democrat
Eleanor Holmes Norton
District of Columbia
Democrat
Andre Carson
Indiana
Democrat
Cynthia Axne
Iowa
Democrat
Chris Pappas
New Hampshire
Democrat
Nydia Velazquez
New York
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Small Business Repayment Relief Act of 2020

This bill requires the Small Business Administration (SBA) to pay the principal, interest, and any associated fees owed on certain loans made to small businesses for a six month period.

The SBA must also encourage the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and state bank regulators to not require lenders to increase their reserves on account of receiving such payments made by the SBA. The SBA shall waive statutory limits on maximum loan maturities for certain loan durations where the lender provides a deferral and extends the maturity of such loans and, when necessary to provide more time because of difficulties during the COVID-19 (i.e., coronavirus disease 2019) pandemic, extend lender site visit requirements.

Text (1)
Introduced in House
March 19, 2020
Related Bills (5)
Mar 27, 2020
Became Public Law 116-136
370
Sponsorship
Became Law
Amendments
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Mar 26, 2020
Introduced in House
6
Sponsorship
House Bill 6396
Responsible Relief for Americans Act
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Mar 23, 2020
Introduced in House
10
Sponsorship
House Bill 6379
Workforce Emergency Response Act of 2020
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Mar 19, 2020
Introduced in House
3
Sponsorship
House Bill 6312
COVID–19 Relief for Small Businesses Act of 2020
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Mar 18, 2020
Introduced in Senate
16
Sponsorship
Senate Bill 3519
A bill to authorize the Administrator of the Small Business Administration to subsidize payments on loans guaranteed under the 7(a) and 504 loan programs or made using funds under the microloan program, and for other purposes.
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Actions (2)
03/19/2020
Referred to the House Committee on Small Business.
03/19/2020
Introduced in House
Public Record
Record Updated
Feb 8, 2022 11:17:28 PM
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