LCO No. 779 1 of 1
General Assembly Proposed Bill No. 5286
January Session, 2021
LCO No. 779
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. D'AMELIO, 71st Dist.
AN ACT CONCERNING THE PAYMENT OF COMPOUND INTEREST
ACCRUING DURING PERIODS OF CERTAIN PUBLIC HEALTH
EMERGENCIES.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the general statutes be amended to exempt small businesses 1
from paying compound interest that accrues on a loan or other debt 2
obligation during any period that a pandemic public health emergency 3
has been declared. 4
Statement of Purpose:
To exempt small businesses from paying compound interest that
accrues during any period that a pandemic public health emergency has
been declared.