H.R. 7928

Referred to Committee

LIFT UP Act of 2020

Introduced 8/4/2020•116th Congress•House

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Latest Action

Referred to the House Committee on Small Business.

8/4/2020 • House

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.

Introduced in House • 8/4/2020

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Topics & Subjects

Policy Area: Commerce

Cardiovascular and respiratory healthDisaster relief and insuranceEmergency medical services and trauma careGovernment lending and loan guaranteesInfectious and parasitic diseasesInterest, dividends, interest ratesSmall business

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Related Federal Spending

Sponsor & Cosponsors (2)

Party Breakdown

Democrats

Republicans

Independents

Sponsor

Rep. Fletcher, Lizzie [D-TX-7]

Democrat • TX-7

Cosponsors (1)

Rep. Olson, Pete [R-TX-22]

R-TX-22

Joined 8/4/2020

Bill Journey

Originated in the House

Introduced

August 4, 2020

Referred to the House Committee on Small Business.

Committee Review

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (1)

Introduced in House8/4/2020

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Related Bills (2)

S. 4101

LIFT UP Act

RelatedView bill →

S. 4537

RECOVERY Act

RelatedView bill →

Committee

Small Business Committee

House

View committee →

Details

Bill TypeHR

Current StatusReferred to Committee

Cosponsors1

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