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H.R. 6679

BillFederalHouseIn Committee
To amend the CARES Act to authorize the financing of inventory of American manufactured products by financial institutions, and for other purposes.
About This Bill
Committee
Latest Action · May 1, 2020
Referred to the House Committee on Financial Services.
Congress
116th (2019–2021)
Introduced
May 1, 2020
Cosponsors (0)
None
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Summary

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This bill requires the Department of the Treasury to provide financing for finished products manufactured in the United States by manufacturers with less than 2,000 employees. Such financing may not exceed a certain percentage of sales of the finished products. However, financing of certain American-manufactured items produced in response to COVID-19 (i.e., coronavirus disease 2019) shall not be counted in the calculation of such sales.

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