Bill116th CongressFiled Aug 4, 2020Commerce
H.R. 7928
LIFT UP Act of 2020
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Aug 4, 2020)
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 just happenedAug 4, 2020
Referred to the House Committee on Small Business.
Who’s behind it
Rep. Fletcher, Lizzie [D-TX-7](D-TX)Sponsor
1 cosponsor1 R
1cosponsors1committees3actions2related bills7subjects
- Introduced in HouseAug 4, 2020
- Aug 4, 2020IntroReferralH11100
Referred to the House Committee on Small Business.
Small Business Committee - Aug 4, 2020IntroReferralIntro-H
Introduced in House
- Aug 4, 2020IntroReferral1000
Introduced in House