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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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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 2
D
Huffman, Jared
California · Jul 29, 2020
KING, PETER
· Jun 30, 2020
 D
Meeks, Gregory W.
New York · Jun 30, 2020
Rice, Kathleen
· Jun 30, 2020
Zeldin, Lee
· Jun 30, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7434: To require the Administrator of the Small Business Administration to establish the interest rate for economic injury disaster loans, and for other purposes.. 116th Congress. Open America. https://openamerica.io/bill/116-HR-7434/
MLA
"H.R. 7434: To require the Administrator of the Small Business Administration to establish the interest rate for economic injury disaster loans, and for other purposes.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-7434/.
Bluebook (legal)
H.R. 7434, 116th Cong. (2026), https://openamerica.io/bill/116-HR-7434/.
Markdown link
[H.R. 7434: To require the Administrator of the Small Business Administration to establish the interest rate for economic injury disaster loans, and for other purposes.](https://openamerica.io/bill/116-HR-7434/)
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