H.R. 9610 — Introduced in House

I 118th CONGRESS 2d Session H. R. 9610 IN THE HOUSE OF REPRESENTATIVES September 16, 2024Mr. Neguse (for himself and Mr. Ciscomani) introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the Small Business Act to waive the accrual of interest and payments for certain disaster loans for a year, and for other purposes. 1. Waiver of interest accrual and payments for certain disaster loans Section 7(d) of the Small Business Act (15 U.S.C. 636(d)) is amended by adding at the end the following paragraph: (9) Waiver of interest accrual and payments With respect to a loan made under subsection (b) for disasters declared on or after the date of the enactment of this paragraph, the Administrator shall, for the 12-month period beginning on the date of disbursement of such loan— (A) establish a rate of interest on such loan of zero percent; and (B) defer payments on the principal of such loan. .