H.R. 2727 · 118th Congress
EIDL Relief Act
- Stage
- In committee
- Sponsor
- Marilyn Strickland
- Introduced
- 2023-04-19
- Latest action
- 2023-04-19 · Introduced in House
Summary
EIDL Relief Act
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.