Keep Main Street Open Act

This bill would require the Small Business Administration to run a loan program for small businesses during a federal government shutdown. A business could borrow an amount equal to the losses it estimates it suffered because of the shutdown. The loans would have an interest rate of no more than one percent and would have to be repaid within one year after the shutdown ends. For this bill, a shutdown begins when federal funding partly or fully lapses and ends 30 days after funding is enacted.

Full text and official record on Congress.gov

Sponsors

• Suhas Subramanyam Democrat sponsor
• 0 cosponsors