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Role of Banks in COVID-19 Business Aid Program

This House of Representatives resolution acknowledges the role of banks in distributing financial aid to small businesses through the Paycheck Protection Program during the COVID-19 pandemic. It highlights that collaboration between the government and financial institutions helped keep millions of jobs and businesses afloat.
Key points
Recognition for banks' assistance in distributing funds to businesses during the pandemic.
The Paycheck Protection Program helped keep millions of businesses operating.
Public-private collaboration was crucial for economic support.
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Expired
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Additional Information
Print number: 117_HRES_637
Sponsor: Rep. Keller, Fred [R-PA-12]
Process start date: 2021-09-14
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Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Expressing the sense of Congress that financial institutions provided copious and necessary assistance as an intermediary between the Small Business Administration and affected businesses during the COVID-19 pandemic.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HRES_637.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-09-14.

What are the main provisions?

Key points include:

  • Recognition for banks' assistance in distributing funds to businesses during the pandemic.
  • The Paycheck Protection Program helped keep millions of businesses operating.
  • Public-private collaboration was crucial for economic support.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Keller, Fred [R-PA-12].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Economy