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House Bill 7928
116th Congress(2019-2020)
LIFT UP Act of 2020
Introduced
Introduced
Introduced in House on Aug 4, 2020
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Introduced in House 
Aug 4, 2020
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Introduced in House(Aug 4, 2020)
Aug 4, 2020
Not Scanned for Linkage
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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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H. R. 7928 (Introduced-in-House)


116th CONGRESS
2d Session
H. R. 7928


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

IN THE HOUSE OF REPRESENTATIVES

August 4, 2020

Mrs. Fletcher (for herself and Mr. Olson) introduced the following bill; which was referred to the Committee on Small Business

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 of 2020”.

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)(B), by striking “or” at the end;

(2) in paragraph (2), by striking the period at the end and inserting “; or”; 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 the COVID–19 pandemic; or

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