S. 3604: Transparency and Oversight of COVID–19 Small Business Assistance Act

116th Congress · introduced 2020-05-05 · Commerce · Latest: Read twice and referred to the Committee on Small Business and Entrepreneurship.

federal

Follow this bill, step by step

Where it came from: introduced 2020-05-05 · official record
Who proposed it: Sen. Cardin, Benjamin L. [D-MD] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Small Business and Entrepreneurship. 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.

What does this mean?

Official title

Transparency and Oversight of COVID–19 Small Business Assistance Act

Plain summary

Transparency and Oversight of COVID-19 Small Business Assistance Act This bill requires the Small Business Administration (SBA) to report specified data on economic relief programs implemented in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the SBA must daily report the total number and dollar amount of loans or grants approved and disbursed under programs such as the paycheck protection program and the emergency grants program; daily report the amount of remaining authority and funds appropriated for such programs and an estimate of the date on which such funds will be depleted; weekly report the number and dollar amount of certain program loans and loan payments disaggregated by specified metrics such as geography, demographics, loan sizes, industry, and lender type; report on the number of employees expected to be retained by borrowers of certain loans as a result of economic relief programs; report its plans to carry out specified relief programs and identify and prevent waste, fraud, and abuse in such programs; request certain information such as demographic and job information when a borrower applies for loan forgiveness; and make each required report publicly available and take all necessary steps to protect sensitive personally identifiable information. The Government Accountability Office must report specified information, including (1) the effectiveness of certain programs in reaching underserved businesses, (2) a review of the reports required to be published under this bill, and (3) the impact of certain relief programs on jobs.

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

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

A “Nay” vote

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What does this mean? (plain words)

Official text

Transparency and Oversight of COVID–19 Small Business Assistance Act

Source: Congressional Research Service summary (Introduced in Senate)

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

Officials and money

Sponsor: Sen. Cardin, Benjamin L. [D-MD] · 6 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Jeanne Shaheen (D-NH), Charles E. Schumer (D-NY), Jack Reed (D-RI), Ron Wyden (D-OR)

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 (2)

Appropriation: Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
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 Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-116s3604.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/s>

Record fed-us-cong116-s3604 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116