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Read twice and referred to the Committee on Small Business and Entrepreneurship.
6/30/2020 • Senate
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 Senate • 6/30/2020
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (4)
Party Breakdown
Sponsor
Cosponsors (3)
Bill Journey
Originated in the Senate
Introduced
June 30, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law