HR 6346 · 116th Congress · Commerce

To establish a standard interest rate under programs for economic injury disaster loans, and for other purposes.

Introduced 2020-03-23· Sponsored by Rep. Gallego, Ruben [D-AZ-7]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Small Business.(2020-03-23)

Plain Language Summary

[AI summary unavailable — showing source text] This bill sets the interest rate on a disaster loan issued by the Small Business Administration at the lesser of the interest rate that is (1) otherwise chargeable under the economic injury disaster loan program, or (2) payable on the most-recently issued U.S. ten-year Treasury note.…

Summarized by Claude AI · Non-partisan · For informational purposes only