To require the Administrator of the Small Business Administration to establish the interest rate for economic injury disaster loans, and for other purposes.

2/8/2022, 11:16 PM

This bill requires the Small Business Administration to establish the interest rate at 1% for any economic injury disaster loan made during the period beginning on January 31, 2020, and ending on December 31, 2020.

Congress
116
Number
HR - 7434
Introduced on
2020-06-30
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

6/30/2020
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

This bill requires the Small Business Administration to establish the interest rate at 1% for any economic injury disaster loan made during the period beginning on January 31, 2020, and ending on December 31, 2020.

Alternative Names
Official Title as IntroducedTo require the Administrator of the Small Business Administration to establish the interest rate for economic injury disaster loans, and for other purposes.
Policy Areas
Commerce
Potential Impact
Disaster relief and insurance•
Government lending and loan guarantees•
Interest, dividends, interest rates•
Small Business Administration•
Small business

Comments

Related

Member:  Peter T. King
Member:  Lee M. Zeldin

Recent Activity

Latest Summary7/27/2020

This bill requires the Small Business Administration to establish the interest rate at 1% for any economic injury disaster loan made during the period beginning on January 31, 2020, and ending on December 31, 2020.

Latest Action6/30/2020
Referred to the House Committee on Small Business.