PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Appropriations.
Congressional Research Service
Version 00 · Introduced in Senate · May 18, 2021
Keeping Our Promise to Small Businesses Act
This bill provides additional funding to the Small Business Administration (SBA) for the Paycheck Protection Program, which was established to assist small businesses during the COVID-19 pandemic.
Specifically, the bill provides the additional funding for the cost of
processing loan applications that were submitted on or before May 4, 2021; and
providing guaranteed loans to eligible entities that apply on or before May 31, 2021, have no more than 100 employees, and are located in a state with an unemployment rate of at least 6%.
In guaranteeing the new loans, the SBA must give a preference to entities that are women-, minority-, or veteran-owned.
People & committees
Sen. Rosen, Jacky [D-NV] · D–NV
Legislative record
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Read twice and referred to the Committee on Appropriations.
Introduced in Senate
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Jan 14, 2025. Consult Congress.gov for the current record.
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