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

Hozzl · 2022-02-08T23:16:00Z

Explore the details of House Bill 7434 To require the Administrator of the Small Business Administration to establish the interest rate for economic injury disaster loans, and for other purposes. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

2/8/2022, 11:16 PM

Congressional Summary of HR 7434

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.

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Current Status of Bill HR 7434

Bill HR 7434 is currently in the status of Bill Introduced since June 30, 2020. Bill HR 7434 was introduced during Congress 116 and was introduced to the House on June 30, 2020. Bill HR 7434's most recent activity was Referred to the House Committee on Small Business. as of June 30, 2020

Bipartisan Support of Bill HR 7434

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 7434

Primary Policy Focus

Commerce

Potential Impact Areas

- Disaster relief and insurance

- Government lending and loan guarantees

- Interest, dividends, interest rates

- Small Business Administration

- Small business

Alternate Title(s) of Bill HR 7434

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