H. R. 6341, To establish a business stabilization guaranteed loan program and authority to establish a secondary market in the Small Business Administration, and for other purposes. 

Summary: To establish a business stabilization guaranteed loan program and authority to establish a secondary market in the Small Business Administration, and for other purposes. (Cosponsors)

ANGIE CRAIG’S POSITION:  Representative Craig Sponsored the bill on 03/23/20.

STATUS: Introduced 03/23/20 by Rep. Craig, Angie [D-MN-2].

INFORMATION RELATED TO THE BILL:

  • “I’ve talked to dozens of small business owners over the past four days. Our small businesses are stepping up to help their communities in every way possible, but the impacts of the coronavirus are going to be tremendous if we don’t help quickly,” said Rep. Angie Craig, who will encourage House leadership to include the bill in an upcoming stimulus package. “These no interest loans will help our small businesses get through this, and their loans will be partially forgiven if they keep their hard-working employees. This is something we should all be able to agree on and I look forward to seeing it swiftly become law.” (Source: Rep. Craig, Press Release, 03/23/20)

ADDITIONAL DETAIL: 

Link to the text of the bill.

Link to bill information (support and opposition) on Countable.

Link to bill information on GovTrack.

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