PRINTER'S NO. 3597
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
2425
Session of
2020
INTRODUCED BY TOOHIL, BARRAR, POLINCHOCK, BURGOS, SOLOMON,
ROZZI, PICKETT, LEE, HILL-EVANS, WARREN, RYAN, READSHAW AND
FRANKEL, APRIL 21, 2020
REFERRED TO COMMITTEE ON COMMERCE, APRIL 21, 2020
AN ACT
Providing for forbearance on principal repayment on economic
development loans during the COVID-19 crisis.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Short title.
This act shall be known and may be cited as the Department of
Community and Economic Development Relief Act of 2020.
Section 2. Definitions.
The following words and phrases when used in this act shall
have the meanings given to them in this section unless the
context clearly indicates otherwise:
"Department." The Department of Community and Economic
Development of the Commonwealth.
"Economic development loan." A Pennsylvania Industrial
Development Authority loan existing on the effective date of
this section.
"Small business." Any business currently issued an economic
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