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S. 5011

BillFederalSenateIn Committee
A bill to codify the Minority Business Development Agency of the Department of Commerce, and for other purposes.
About This Bill
Committee
Latest Action · December 11, 2020
Read twice and referred to the Committee on Finance.
Congress
116th (2019–2021)
Introduced
December 11, 2020
Sponsor
Sen. Kelly LoefflerR
Cosponsors (2)
0D 2R
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Summary

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Economic Empowerment for Underserved Communities Act This bill provides economic assistance to small businesses impacted by COVID-19 (i.e., coronavirus disease 2019), including through (1) the designation of specified amounts for the Community Development Financial Institutions Fund, (2) the establishment of a Small Business and Domestic Production Recovery Investment Facility, and (3) the extension of the requirement that the Small Business Administration subsidize certain loan payments.

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