Bill — H.R. 6547, Small Business Economic Injury Disaster Loans (House, April 17, 2020)
Summary
H. R. 6547 was introduced in the House of Representatives on April 17, 2020 by Mr. Roy and referred to the Committee on Small Business. The bill is titled as one to modify terms related to the economic injury disaster loan program of the Small Business Administration for applicants affected by COVID–19. For loans under section 7(b)(2) of the Small Business Act related to COVID–19, the Small Business Administration shall expedite loan approval and the maximum loan amount shall be $20,000,000. The fine for a conviction under the False Claims Act relating to use of these funds shall equal 3 times the amount of the loan.
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“Bill — H.R. 6547, Small Business Economic Injury Disaster Loans (House, April 17, 2020).”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-bills-116hr6547ih-bills-116hr6547ih/
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I
116TH CONGRESS
2D SESSION
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.
IN THE HOUSE OF REPRESENTATIVES
APRIL 17, 2020
Mr. ROY introduced the following bill; which was referred to the Committee
on Small Business
A BILL
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 pur-
poses.
1 Be it enacted by the Senate and House of Representa-
2 tives of the United States of America in Congress assembled,
3 SECTION 1. SMALL BUSINESS ECONOMIC INJURY DISASTER
4 LOANS.
5 (a) IN GENERAL.—With respect to loans made under
6 section 7(b)(2) of the Small Business Act (15 U.S.C.
pamtmann on DSKBC07HB2PROD with BILLS
7 636(b)(2)) related to COVID–19—
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2
1 (1) the Small Business Administration shall ex-
2 pedite the loan approval process for those loans such
3 that the loans are made as soon as is practicable;
4 and
5 (2) the maximum loan amount shall be
6 $20,000,000.
7 (b) FRAUD.—The fine imposed for any conviction
8 under sections 3729 through 3733 of title 31, United
9 States Code (commonly known as the ‘‘False Claims
10 Act’’), relating to the use of funds provided under section
11 7(b)(2) of the Small Business Act (15 U.S.C. 636(b)(2))
12 related to COVID–19 shall be equal to 3 times the amount
13 of the loan.
Æ
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•HR 6547 IH
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