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H.R. 6312: COVID–19 Relief for Small Businesses Act of 2020

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H.R. 6312: COVID–19 Relief for Small Businesses Act of 2020

116th Congress · introduced 2020-03-19 · Commerce · Latest: Referred to the House Committee on Small Business.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2020-03-19 · official record
  2. Who proposed it: Rep. Velazquez, Nydia M. [D-NY-7] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Small Business. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

COVID–19 Relief for Small Businesses Act of 2020

Plain summary

COVID-19 Relief for Small Businesses Act of 2020 This bill establishes measures to support small businesses impacted by COVID-19 (i.e., coronavirus disease 2019). Specifically, the SBA must temporarily make or guarantee loans for specified uses to small businesses in a state or territory with a case of COVID-19, up to 50% of which may be forgiven; pay the principal, interest, and associated fees owed on certain small business loans for a six-month period; provide grants to small businesses suffering substantial economic injury because of COVID-19; provide grants to small business development centers, women's business centers, and chapters of the Service Corps of Retired Executives for specified purposes; reimburse grant recipients under the State Trade Expansion Program for an amount of losses related to COVID-19; provide SBA resources and services in the 10 most commonly spoken languages, other than English, in the United States, including Mandarin, Cantonese, Japanese, and Korean. In addition, the SBA may make economic injury disaster loans to small businesses in response to COVID-19 and waive certain requirements on such loans. The bill also temporarily increases guarantee amounts and loan sizes for certain SBA loans, temporarily waives or reduces certain fees on SBA loans, and permanently waives the guarantee fee on SBA loans for veterans; revises the Microloan Program; provides additional leverage for small businesses affected by COVID-19; reestablishes the New Markets Venture Capital Program; and requires a federal agency to provide additional performance time to small business contractors and to pay such contractors regardless of delay due to COVID-19.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

COVID–19 Relief for Small Businesses Act of 2020

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Velazquez, Nydia M. [D-NY-7] · 2 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Dwight Evans (D-PA)

Sponsor's campaign money: Rep. Velazquez, Nydia M. [D-NY-7] reported raising $180,257 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong116-hr6312 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116