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116-hr-7928116th Congress

LIFT UP Act of 2020

Sponsored By: Representative Fletcher, Lizzie [D-TX-7]

Unknown

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Fletcher, Lizzie [D-TX-7]

TX • D

Cosponsors

  • Rep. Olson, Pete [R-TX-22]

    TX • R

    Sponsored 8/4/2020

Roll Call Votes

No roll call votes available for this bill.

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