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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
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.
Read the Full Bill
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
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
5Democrat Cosponsors
3Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7434
Primary Policy Focus
CommercePotential 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.
To require the Administrator of the Small Business Administration to establish the interest rate for economic injury disaster loans, and for other purposes.
Comments
Sponsors and Cosponsors of HR 7434
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