LIFT UP Act of 2020

United States116th CongressHR-7928House of Representatives
Updated: Aug 4, 2020

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.

Bill texts

Available versions
Introduced (House)View official text

1 version available

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Timeline

Latest companion bill action

S-4101: LIFT UP Act

Read twice and referred to the Committee on Small Business and Entrepreneurship.

  1. Introduced in House

  2. Referred to the House Committee on Small Business.

    House of Representatives

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