US HB7928 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on August 4 2020 - 25% progression, died in committee
Action: 2020-08-04 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on August 4 2020 - 25% progression, died in committee
Action: 2020-08-04 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Modifies specified debt relief made available to small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the Small Business Administration must pay the principal, interest, and any associated fees that are owed on certain disaster loans made to small businesses prior and unrelated to COVID-19 for a six-month period.
Title
LIFT UP Act of 2020 Loan Interest Forgiveness for Taxpayers Under a Pandemic Act of 2020
Sponsors
| Rep. Elizabeth Fletcher [D-TX] | Rep. Pete Olson [R-TX] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-08-04 | House | Referred to the House Committee on Small Business. |
| 2020-08-04 | House | Introduced in House |
Same As/Similar To
SB4101 (Related) 2020-06-30 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
SB4537 (Related) 2020-09-08 - Read twice and referred to the Committee on Finance.
SB4537 (Related) 2020-09-08 - Read twice and referred to the Committee on Finance.
Subjects
Cardiovascular and respiratory health
Commerce
Disaster relief and insurance
Emergency medical services and trauma care
Government lending and loan guarantees
Infectious and parasitic diseases
Interest, dividends, interest rates
Small business
Commerce
Disaster relief and insurance
Emergency medical services and trauma care
Government lending and loan guarantees
Infectious and parasitic diseases
Interest, dividends, interest rates
Small business
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/7928/all-info |
| Text | https://www.congress.gov/116/bills/hr7928/BILLS-116hr7928ih.pdf |
