H.R. 6817: To establish a payroll loan facility for small financial institutions affected by COVID-19, and for other purposes.
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H.R. 6817: To establish a payroll loan facility for small financial institutions affected by COVID-19, and for other purposes.
116th Congress · introduced 2020-05-12 · Finance and Financial Sector · Latest: Referred to the House Committee on Financial Services.
federal
Follow this bill, step by step
- Where it came from: introduced 2020-05-12 · official record
- Who proposed it: Rep. Green, Al [D-TX-9] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Referred to the House Committee on Financial Services. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
To establish a payroll loan facility for small financial institutions affected by COVID-19, and for other purposes.
Plain summary
This bill provides specified funds to the Department of the Treasury to establish a payroll loan facility that provides loans to small financial institutions. These loans must offer, to the maximum extent practicable, benefits and assistance similar to the Paycheck Protection Program created in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic. Treasury must also establish a loan forgiveness program for these loans.
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
To establish a payroll loan facility for small financial institutions affected by COVID-19, and for other purposes.
Source: Congressional Research Service summary (Introduced in House)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. Green, Al [D-TX-9] · 3 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Emanuel Cleaver (D-MO), Gregory W. Meeks (D-NY)
Sponsor's campaign money: Rep. Green, Al [D-TX-9] reported raising $1.7 million (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
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-116hr6817.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/hr>
Record fed-us-cong116-hr6817 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116