Small Business Disaster Readiness and Reform Act of 2009

Summary

Small Business Disaster Readiness and Reform Act of 2009 - Amends the Small Business Act to prohibit the Administrator of the Small Business Administration (SBA), in making a small business disaster loan of $250,000 or less, from requiring a borrower to use the borrower's home as collateral. Increases the SBA disaster loan limits to $3 million. Prohibits the Administrator from requiring repayment on such loans until 12 months after final disbursement of the approved loan amount. Provides specific disbursement directions for each of the following categories of loans: (1) $150,000 or less; (2) more than $150,000 up to $500,000; and (3) more than $500,000. Authorizes the Administrator to make a disaster assistance grant of up to $100,000 to a small business that: (1) is located in an area affected by a major disaster; (2) certifies its intention to reestablish the business in the same county as originally located; (3) has applied and was rejected for a conventional disaster assistance loan; and (4) was in existence for at least two years before the disaster declaration. Directs the Administrator to develop a disaster preparedness and response plan for each SBA region. Authorizes the Administrator to make outreach grants for loan application assistance to the following in areas affected by a disaster: (1) a women's business center; (2) a small business development center; (3) a veterans business outreach center; and (4) a chamber of commerce.

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

Timeline

1. 7 October 2009

   Referred

   Referred to the Subcommittee on Finance and Tax.

   Source: Committee

2. 7 October 2009

   Introduced

   Referred to the House Committee on Small Business.

   Source: IntroReferral

3. 7 October 2009

   Introduced

   Introduced in House

   Source: IntroReferral

4. 7 October 2009

   Introduced

   Introduced in House

   Source: IntroReferral

5. 8 October 2009

   Committee

   Forwarded by Subcommittee to Full Committee by Voice Vote .

   Source: Committee

6. 8 October 2009

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

7. 21 October 2009

   Committee

   Provisions of Measure Incorporated into H.R. 3854.

   Source: Committee

8. 6 November 2009

   Passed

   Motion to reconsider laid on the table Agreed to without objection.

   Source: Floor

9. 6 November 2009

   Passed

   On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H12471-12472)

   Source: Floor

10. 6 November 2009

    Passed

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H12471-12472)

    Source: Floor

11. 6 November 2009

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 3743.

    Source: Floor

12. 6 November 2009

    Floor

    Considered under suspension of the rules. (consideration: CR H12471-12473)

    Source: Floor

13. 6 November 2009

    Floor

    Ms. Velazquez moved to suspend the rules and pass the bill, as amended.

    Source: Floor

14. 9 November 2009

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Referred in Senate · 9 November 2009 · Official file
• Engrossed in House · 6 November 2009 · Official file
• Introduced in House · 7 October 2009 · Official file

Documents

8 official files

• Referred in Senate (text)

  Referred in Senate · EN · 9 November 2009

  ViewDownloadOpen at official source

• Referred in Senate (PDF)

  Referred in Senate · EN · 9 November 2009

  ViewDownloadOpen at official source

• Engrossed in House (text)

  Engrossed in House · EN · 6 November 2009

  ViewDownloadOpen at official source

• Engrossed in House (PDF)

  Engrossed in House · EN · 6 November 2009

  ViewDownloadOpen at official source

• Passed House amended

  summary · EN · 6 November 2009

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 7 October 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 7 October 2009

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 7 October 2009

  Open at official source

Sponsors

• Rep. Griffith, Parker [D-AL-5] · D · Sponsor
• · sssb00 · Standing
• · hssm00 · Standing

Related records

• related to → Small Business Financing and Investment Act of 2009