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Loan Interest Forgiveness for Pre-Pandemic Business Loans

This act aims to expand support for small businesses that took out federal loans before the COVID-19 pandemic. It allows the government to cover a portion of principal, interest, and fees for these loans for a six-month period, potentially providing financial relief to business owners.
Key points
The government can cover principal, interest, and fees for certain small business loans taken out between January 1, 2015, and the day before the act's enactment, if unrelated to the COVID-19 pandemic.
The support covers six months of payments, starting from the first payment due on the loan.
Businesses that received Economic Injury Disaster Loans (EIDL) can also receive these payment subsidies.
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Status:
Expired
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Additional Information
LIFT UP Act of 2021
Print number: HR 809
Sponsor: Rep. Fletcher, Lizzie [D-TX-7]
Process start date: 2021-02-04
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Loan Interest Forgiveness for Pre-Pandemic Business Loans

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 809.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-04.

What are the main provisions?

Key points include:

  • The government can cover principal, interest, and fees for certain small business loans taken out between January 1, 2015, and the day before the act's enactment, if unrelated to the COVID-19 pandemic.
  • The support covers six months of payments, starting from the first payment due on the loan.
  • Businesses that received Economic Injury Disaster Loans (EIDL) can also receive these payment subsidies.

What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Fletcher, Lizzie [D-TX-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

Analysis and Potential Impact of HR 809

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

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