COVID Economic Injury Disaster Loan Relief Act

Bill: 117-hr-1533
Sponsor: full_name: Rep. Salazar, Maria Elvira [R-FL-27]
Introduced: 2021-03-03
Policy area: Commerce
Subjects: Business investment and capital

Cardiovascular and respiratory health

Disaster relief and insurance

Economic performance and conditions

Emergency medical services and trauma care

Government lending and loan guarantees

Infectious and parasitic diseases

Interest, dividends, interest rates

Small business
Latest action: action_date: 2021-03-03
text: Referred to the House Committee on Small Business.

Summaries:
action_date: 2021-03-03
action_desc: Introduced in House
text: <p><b>COVID Economic Injury Disaster Loan Relief Act</b></p> <p>This bill extends the deferment of a borrower's payments on an economic injury disaster loan taken in response to COVID-19 (i.e., coronavirus disease 2019) from one year to two years from the date on which the loan is made.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 1533 IN THE HOUSE OF REPRESENTATIVES March 3, 2021 Ms. Salazar (for herself, Ms. Davids of Kansas , Mr. Meuser , Ms. Craig , and Mr. Diaz-Balart ) introduced the following bill; which was referred to the Committee on Small Business A BILL To extend the deferment of EIDL loans made in response to COVID–19 from 1 year to 2 years.

1. Short title This Act may be cited as the COVID Economic Injury Disaster Loan Relief Act . 2. Extend EIDL deferment With respect to any loan made under section 7(b)(2) of the Small Business Act ( 15 U.S.C. 636(b)(2) ) in response to COVID–19, the payment of principal and interest charges shall be suspended for the 2-year period beginning on the date on which such loan is or was made.