United States 116th Congress Status: Died 1 D cosponsors

HR 6268 — SBA Business Stabilization Direct Loan Program Act of 2020

Last action — Referred to the House Committee on Small Business.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Requires the Small Business Administration (SBA) to temporarily make loans directly to small businesses located in a U.S. state or territory with a confirmed or presumed positive case of COVID-19 (i.e., coronavirus disease 2019). A recipient of such a loan may use the funds to, among other things (1) make periodic payments of principal and interest on outstanding SBA loans; (2) provide benefits to employees such as disability insurance, sick leave, and paid family leave; (3) pay wages to employees; or (4) provide employees and patrons with the necessary items specified by a public health authority to mitigate the spread of the coronavirus. The SBA shall accept any available collateral to secure such a loan and shall not decline to make a loan to an otherwise eligible borrower due solely to inadequate collateral.

Bill Text

We don't have the full text on file for this bill yet.

Read HR 6268 on the official United States source →

Action History

  1. Referred to the House Committee on Small Business.

  2. Introduced in House

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

Commerce Administrative law and regulatory procedures Business investment and capital Cardiovascular and respiratory health Commuting Computers and information technology Emergency medical services and trauma care Employee benefits and pensions Employee leave Employment taxes Financial crises and stabilization Government lending and loan guarantees Health promotion and preventive care Infectious and parasitic diseases Life, casualty, property insurance Sales and excise taxes Small Business Administration Small business Tax administration and collection, taxpayers Wages and earnings State and local taxation
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Frequently asked questions

What does HR 6268 do?
Requires the Small Business Administration (SBA) to temporarily make loans directly to small businesses located in a U.S. state or territory with a confirmed or presumed positive case of COVID-19 (i.e., coronavirus disease 2019). A recipient of such a loan may use the funds to, among other things (1) make periodic payments of principal and interest on outstanding SBA loans; (2) provide benefits to employees such as disability insurance, sick leave, and paid family leave; (3) pay wages to employees; or (4) provide employees and patrons with the necessary items specified by a public health authority to mitigate the spread of the coronavirus. The SBA shall accept any available collateral to secure such a loan and shall not decline to make a loan to an otherwise eligible borrower due solely to inadequate collateral.
Who sponsors HR 6268?
HR 6268 is sponsored by Nydia Velazquez (D).
What is the current status of HR 6268?
This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 6268?
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Last checked for changes about 16 hours ago · updated continuously

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