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HR 7928 116th Congress House Commerce Cardiovascular and respiratory health 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

LIFT UP Act of 2020

Introduced: August 4, 2020 Introduced by: Fletcher, Lizzie Democratic · Texas 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
Aug 4, 2020
Referred to the House Committee on Small Business.
Aug 4, 2020
Introduced in House
 Plain-English summary Congressional Research Service

Loan Interest Forgiveness for Taxpayers Under a Pandemic Act of 2020 or the LIFT UP Act

This bill 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.

What's happening now August 4, 2020

Referred to the House Committee on Small Business.

 Committees of jurisdiction 1