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United States · Bill · HR

H.R. 1105 (100th)

Disaster Loan Efficiency Act

referredUnited States· United States Congress· EN

Introduced

11 February 1987

Last action

26 February 1987 · Referred

Status

Referred to Subcommittee on SBA, and the General Economy.

Sponsors

Rep. Olin, James R. [D-VA-6], Rep. Bentley, Helen Delich [R-MD-2], Rep. Ridge, Thomas J. [R-PA-21], Rep. Gray, Kenneth J. [D-IL-22], Rep. Atkins, Chester G. [D-MA-5], Rep. Parris, Stanford E. (Stan) [R-VA-8], Rep. Murphy, Austin J. [D-PA-20], Rep. Synar, Mike [D-OK-2], Rep. Bliley, Tom [R-VA-7], Rep. Stallings, Richard H. [D-ID-2], Rep. Martinez, Matthew G. [D-CA-31], Rep. Sisisky, Norman [D-VA-4], Rep. Kostmayer, Peter H. [D-PA-8], Rep. Lukens, Donald E. [R-OH-8], Rep. Staggers, Harley O., Jr. [D-WV-2], Rep. Savage, Gus [D-IL-2], Rep. Eckart, Dennis E. [D-OH-11], Sen. Lott, Trent [R-MS], Rep. Byron, Beverly B. [D-MD-6], Rep. Garcia, Robert [D-NY-18], Rep. Mrazek, Robert J. [D-NY-3], Rep. Bonior, David E. [D-MI-10], Rep. Biaggi, Mario [D-NY-19], Rep. Espy, Mike [D-MS-2], Rep. Rangel, Charles B. [D-NY-15], Rep. Fazio, Vic [D-CA-3], Rep. Solarz, Stephen J. [D-NY-13], Rep. Kanjorski, Paul E. [D-PA-11], Rep. Emerson, Bill [R-MO-8], Rep. Nielson, Howard C. [R-UT-3], Rep. Edwards, Mickey [R-OK-5], Rep. Houghton, Amo [R-NY-31], Rep. Quillen, James H. (Jimmy) [R-TN-1], Rep. Bates, Jim [D-CA-44], Rep. Kaptur, Marcy [D-OH-9], Rep. Owens, Wayne [D-UT-2], Rep. Hayes, Charles A. [D-IL-1], Rescom. Fuster, Jamie B. [D-PR-At Large], Rep. Bateman, Herbert H. [R-VA-1], Rep. Kolter, Joseph P. [D-PA-4], Rep. Applegate, Douglas [D-OH-18], Rep. Donnelly, Brian J. [D-MA-11], Rep. Kildee, Dale E. [D-MI-5], Rep. Foglietta, Thomas M. [D-PA-1], Rep. Lewis, Thomas F. [R-FL-12]

Subjects

Discovery layer

Source updated

28 August 2025

Official sourceView documentsShare

Summary

Disaster Loan Efficiency Act - Amends the Small Business Act to authorize the Small Business Administration (SBA) to make deferred (guaranteed) disaster loans in cooperation with eligible lenders to: (1) small businesses to repair property damaged by a disaster if such damage is not compensated by insurance or otherwise and the eligible lender certifies to the SBA that it will be able to repay the loan in case of default by the borrower; and (2) small businesses or agricultural cooperatives located in a disaster area if such lender determines that such business or cooperative suffered a substantial economic injury as a result of such disaster and the eligible lender certifies to the SBA that it will be able to repay the loan in case of default by the borrower. Sets limits on the interest rates to be charged on such loans. Makes provision for the Government to pay the excess of an interest rate over four percent and to share the payment with the borrower if such interest rate exceeds ten percent. Requires the Administrator of the SBA to reimburse any lender for administrative expenses associated with such disaster loans. Allows the Administrator to sell to the public the assets of any disaster loan made before enactment of this Act. Requires the Administrator to report to specified congressional committees.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 11 February 1987

    Introduced

    Referred to House Committee on Small Business.

    Source: IntroReferral

  2. 11 February 1987

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 11 February 1987

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 26 February 1987

    Referred

    Referred to Subcommittee on SBA, and the General Economy.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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