US HB7434 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: Introduced on June 30 2020 - 25% progression, died in committee
Action: 2020-06-30 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 30 2020 - 25% progression, died in committee
Action: 2020-06-30 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
To require the Administrator of the Small Business Administration to establish the interest rate for economic injury disaster loans, and for other purposes.
Sponsors
| Rep. Thomas Suozzi [D-NY] | Rep. Peter King [R-NY] | Rep. Kathleen Rice [D-NY] | Rep. Gregory Meeks [D-NY] |
| Rep. Lee Zeldin [R-NY] | Rep. Jared Huffman [D-CA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-06-30 | House | Referred to the House Committee on Small Business. |
| 2020-06-30 | House | Introduced in House |
Subjects
Commerce
Disaster relief and insurance
Government lending and loan guarantees
Interest, dividends, interest rates
Small business
Small Business Administration
Disaster relief and insurance
Government lending and loan guarantees
Interest, dividends, interest rates
Small business
Small Business Administration
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/7434/all-info |
| Text | https://www.congress.gov/116/bills/hr7434/BILLS-116hr7434ih.pdf |
