A bill to amend the Small Business Act with respect to disaster loan programs.

Summary

Amends the Small Business Act to specify the interest rates for disaster loans made by the Small Business Administration (SBA) to small businesses. Prohibits SBA loans in excess of: (1) $300,000 for each disaster where the borrower is an individual; and (2) $500,000 for each disaster where the borrower is not an individual. Permits the SBA to waive the $500,000 limitation if the loan applicant is a major source of employment in an area suffering a disaster.

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

Timeline

1. 2 February 1982

   Introduced

   Referred to House Committee on Small Business.

   Source: IntroReferral

2. 2 February 1982

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 February 1982

   Introduced

   Introduced in House

   Source: IntroReferral

4. 9 February 1982

   Referred

   Referred to Subcommittee on SBA & SBIC Authority, Minority Enterprise, and General Small Business Problems.

   Source: Committee

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 · 2 February 1982

  Open at official source

Sponsors

• Rep. Burton, John [D-CA-5] · D · Sponsor
• Rep. Panetta, Leon [D-CA-16] · D · Sponsor
• Rep. Lantos, Tom [D-CA-12] · D · Cosponsor
• · hssm00 · Standing

Related records

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