To require the Administrator of the Small Business Administration to establish the interest rate for economic injury disaster loans, and for other purposes.
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.
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Timeline
Introduced in House
Referred to the House Committee on Small Business.
Introduced in House
Referred to the House Committee on Small Business.
Commerce
Disaster relief and insuranceGovernment lending and loan guaranteesInterest, dividends, interest ratesSmall businessSmall Business Administration
To require the Administrator of the Small Business Administration to establish the interest rate for economic injury disaster loans, and for other purposes.
USA116th CongressHR-7434| House
| Updated: 6/30/2020
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.