Summary: To amend the Small Business Act to require collection and reporting of demographic data for applicants of the Paycheck Protection Program, and for other purposes.(Cosponsors)
ANGIE CRAIG’S POSITION: Representative Craig Cosponsored the bill on 05/19/20.
STATUS: Introduced 05/14/20 by Rep. Chu, Judy [D-CA-27].
INFORMATION RELATED TO THE BILL:
- “The coronavirus and the economic slowdown are threats to every one of us, regardless of our race or background. But while the threat is equal, the impact is not,” said Rep. Chu. “Communities of color have been bearing the heaviest burden even as they have had a harder time accessing aid. The CARES Act was written to help all of our businesses survive this crisis, not just the biggest ones with close relationships to big banks. That is why the government assumed all the risk. If minority-, women-, and veteran-owned businesses are being left out, as the data have indicated, then it is holding back the economic recovery for all of us. And it will leave these communities in particular even worse off after this crisis. The solution is simple, the SBA needs to provide disaggregated data to illustrate the full picture of who is getting relief, and issue guidance to ensure it is distributed to all who need it.” (Source: Rep. Chu, Press Release, 05/14/20)
Link to the text of the bill.
Link to bill information (support and opposition) on Countable.
Link to bill information on GovTrack.