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.

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. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SMALL BUSINESS ECONOMIC INJURY DISASTER 3 LOANS. 4 (a) IN GENERAL.—With respect to loans made under 5 section 7(b)(2) of the Small Business Act (15 U.S.C. 6 636(b)(2)) related to COVID–19— 7 VerDate Sep 11 2014 18:41 Apr 22, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H6547.IH H6547 pamtmann on DSKBC07HB2PROD with BILLS 2 •HR 6547 IH (1) the Small Business Administration shall ex- 1 pedite the loan approval process for those loans such 2 that the loans are made as soon as is practicable; 3 and 4 (2) the maximum loan amount shall be 5 $20,000,000. 6 (b) FRAUD.—The fine imposed for any conviction 7 under sections 3729 through 3733 of title 31, United 8 States Code (commonly known as the ‘‘False Claims 9 Act’’), relating to the use of funds provided under section 10 7(b)(2) of the Small Business Act (15 U.S.C. 636(b)(2)) 11 related to COVID–19 shall be equal to 3 times the amount 12 of the loan. 13 Æ VerDate Sep 11 2014 18:41 Apr 22, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H6547.IH H6547 pamtmann on DSKBC07HB2PROD with BILLS