EIDL Oversight Act of 2021
- Last Action
- 5/13/2021
Actions
- 2021-05-13Referred to the House Committee on Small Business.
- 2021-05-13Introduced in House
- 2021-05-13Introduced in House
CRS Summary
As of 2021-05-13 (00)
EIDL Oversight Act of 2021
This bill establishes oversight requirements for economic injury disaster loans and advances made on those loans. Such requirements include directing the Small Business Administration (SBA) to (1) ensure that loan and advance proceeds are deposited in a legitimate account of a borrower, (2) ensure that any modification of a request for a loan or an advance is reviewed by an SBA employee, and (3) verify the legitimacy of loan or advance applicants through tax returns or other documentation.
Cosponsors (13)
- Roger Williams (R-TX)
- Jim Hagedorn (R-MN)
- Pete Stauber (R-MN)
- Daniel Meuser (R-PA)
- Claudia Tenney (R-NY)
- Andrew Garbarino (R-NY)
- Young Kim (R-CA)
- Beth Van Duyne (R-TX)
- Byron Donalds (R-FL)
- Maria Salazar (R-FL)
- Scott Fitzgerald (R-WI)
- PETE SESSIONS (R-TX)
- Vern Buchanan (R-FL)
Subjects
- Bank accounts, deposits, capital
- Cardiovascular and respiratory health
- Disaster relief and insurance
- Economic performance and conditions
- Emergency medical services and trauma care
- Government lending and loan guarantees
- Infectious and parasitic diseases
- Small business
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.