118th Congress · HOUSE BILLBILL

H.R. 2727 — EIDL Relief Act

“To require the Administrator of the Small Business Administration to modify the interest rate for eligible loans made to borrowers experiencing short-term financial challenges, and for other purposes.”

Commerce

Introduced Apr 19, 2023

Last action Apr 19, 2023

Pipeline · Bill → Law

Step 1

Introduced

Apr 19, 2023

Step 2

Referred

Apr 19, 2023

Small Business

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill provides temporary relief for certain borrowers of Economic Injury Disaster Loans (EIDL) that were made in response to the COVID-19 emergency. Specifically, for one year, the Small Business Administration must reduce the interest rate and limit the monthly payment due for borrowers of these loans experiencing short-term financial challenges.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Apr 19, 2023

Introduced in House

Apr 19, 2023

Referred to the House Committee on Small Business.