HR 7928 · 116th Congress · Commerce
LIFT UP Act of 2020
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Small Business.(2020-08-04)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only