S 4101
116th Congress
Senate
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
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 30, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Jun 30, 2020
Introduced in Senate
Plain-English summary
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
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committees of jurisdiction
1