Small Business COVID–19 Debt Relief Extension Act of 2020
Referred to the House Committee on Small Business.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Oct 27, 2020
Small Business COVID-19 Debt Relief Extension Act of 2020
This bill extends for an additional six months the Small Business Debt Relief Program, under which the Small Business Administration (SBA), in response to COVID-19 (i.e., coronavirus disease 2019), was authorized to subsidize six months of payments for certain SBA-backed loan products on behalf of the recipients of these loans. Further, a small business that submits a new application for an SBA-backed loan prior to March 30, 2021, may receive a six month subsidy.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Jan 3, 2025. Consult Congress.gov for the current record.
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