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HR 7434 116th Congress House Commerce Disaster relief and insurance Government lending and loan guarantees Interest, dividends, interest rates Small Business Administration Small business

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

Introduced: June 30, 2020 Introduced by: Suozzi, Thomas R. Democratic · New York See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 30, 2020
Referred to the House Committee on Small Business.
Jun 30, 2020
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now June 30, 2020

Referred to the House Committee on Small Business.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2