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Senate Bill 4101
116th Congress(2019-2020)
LIFT UP Act
Introduced
Introduced
Introduced in Senate on Jun 30, 2020
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Introduced in Senate 
Jun 30, 2020
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Introduced in Senate(Jun 30, 2020)
Jun 30, 2020
No Linkage Found
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 4101 (Introduced-in-Senate)


116th CONGRESS
2d Session
S. 4101


To expand the payment of principal, interest, and fees for certain disaster loans under the CARES Act, and for other purposes.

IN THE SENATE OF THE UNITED STATES

June 30, 2020

Mr. Cruz (for himself, Mr. Rubio, Mrs. Capito, and Mr. Tillis) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship

A BILL

To expand the payment of principal, interest, and fees for certain disaster loans under the CARES Act, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Loan Interest Forgiveness for Taxpayers Under a Pandemic Act of 2020” or the “LIFT UP Act”.

SEC. 2. Debt relief under the CARES Act.

Section 1112(a) of the CARES Act (Public Law 116–136) is amended—

(1) in paragraph (1), by striking “and” at the end;

(2) in paragraph (2), by striking the period at the end and inserting “; and”; and

(3) by adding at the end the following:

“(3) made during the period beginning on January 1, 2015, and ending on the day before the date of enactment of this paragraph—

“(A) to a business concern under section 7(b)(1) of the Small Business Act (15 U.S.C. 636(b)(1)) that is unrelated to COVID–19; or

“(B) under section 7(b)(2) of the Small Business Act (15 U.S.C. 636(b)(2)) that is unrelated to COVID–19.”.