# 116-hr-7434: To require the Administrator of the Small Business Administration to establish the interest rate for economic injury disaster loans, and for other purposes.

116-hr-7434, To require the Administrator of the Small Business Administration to establish the interest rate for economic injury disaster loans, and for other purposes., is a 116th Congress bill sponsored by Rep. Suozzi, Thomas R. [D-NY-3] (D-NY); status Referred to the House Committee on Small Business. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-7434
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-7434
- Congress: 116
- Title: To require the Administrator of the Small Business Administration to establish the interest rate for economic injury disaster loans, and for other purposes.
- Status: Referred to the House Committee on Small Business.
- Introduced: 2020-06-30
- Sponsor: Rep. Suozzi, Thomas R. [D-NY-3] (D-NY)
- Cosponsors: 5
- Policy area: Commerce
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

This bill requires the Small Business Administration to establish the interest rate at 1% for any economic injury disaster loan made during the period beginning on January 31, 2020, and ending on December 31, 2020.

## Cosponsors (5)

- PETER KING (R-NY), 2020-06-30T00:00:00.000Z
- Rep. Rice, Kathleen M. [D-NY-4] (D-NY), 2020-06-30T00:00:00.000Z
- Rep. Meeks, Gregory W. [D-NY-5] (D-NY), 2020-06-30T00:00:00.000Z
- Rep. Zeldin, Lee M. [R-NY-1] (R-NY), 2020-06-30T00:00:00.000Z
- Rep. Huffman, Jared [D-CA-2] (D-CA), 2020-07-29T00:00:00.000Z

## Related bills

- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-7092: Great American Outdoors Act
- 116-hr-7071: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-6829: EMPIL–DOC Act
- 116-hr-4104: Negro Leagues Baseball Centennial Commemorative Coin Act
- 116-hr-2382: USPS Fairness Act

## Sources
- [116-hr-7434 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/7434)

## Related
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-7092: Great American Outdoors Act](https://policyrisk.com/legislation/116-hr-7092)
- [116-hr-7071: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-7071)
- [116-hr-6829: EMPIL–DOC Act](https://policyrisk.com/legislation/116-hr-6829)
- [116-hr-4104: Negro Leagues Baseball Centennial Commemorative Coin Act](https://policyrisk.com/legislation/116-hr-4104)
- [116-hr-2382: USPS Fairness Act](https://policyrisk.com/legislation/116-hr-2382)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-7434 (as of 2025-11-18).