HR 6346
To establish a standard interest rate under programs for economic injury disaster loans, and for other purposes.
Take action
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill aims to standardize the interest rates charged on Economic Injury Disaster Loans (EIDL) offered by the Small Business Administration. It establishes that the interest rate on these loans will be the lower of two options: the standard rate for EIDL programs or the interest rate on the most recently issued 10-year U.S. Treasury note. This change is intended to provide more predictable and transparent interest rates for small businesses seeking disaster relief loans. The bill also includes other unspecified purposes.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.