A bill to provide that, with respect to disaster loans made by the Small Business Administration in connection with the Johnstown flood of July 1977, $5,000 of each such loan shall be canceled and the interest rate shall be reduced to 1 percent.

referredUnited States· United States Congress· EN

Introduced

4 June 1979

Last action

—

Status

Referred to House Committee on Small Business.

Summary

Directs the Administrator of the Small Business Administration to cancel $5,000 of each disaster loan made in connection with the Johnstown, Pennsylvania, flood of 1977 and to reduce the rate of interest on the remaining balance to one percent per annum. Requires applications for such loans to have been submitted by October 1, 1977, in order to be eligible for such reductions.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Introduced in House
summary · EN · 4 June 1979
Open at official source

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/96th-congress/house-bill/4296
Open data entity: https://api.congress.gov/v3/bill/96/hr/4296