A bill to amend the Small Business Act to reduce the rate of interest on disaster relief loans under such act, to apply special provisions of such act to such loans made in connection with major disasters occurring after April 1, 1977, and before June 6, 1977.

Summary

Amends the Small Business Act to reduce the rate of interest on the Small Business Administration's portion of disaster relief loans with respect to major disaster of specified forms occurring on or after April 1, 1977, and prior to June 6, 1977, to three percent per annum. Applies provisions of this Act pertaining to special hardship cases to such disasters. Authorizes the Administration to make cash grants to an individual on a fixed income whose residence was destroyed in a disaster.

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Timeline

1. 22 April 1977

   Introduced

   Referred to House Committee on Small Business.

   Source: IntroReferral

2. 22 April 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 April 1977

   Introduced

   Introduced in House

   Source: IntroReferral

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 · 22 April 1977

  Open at official source

Sponsors

• Rep. Rahall, Nick J., II [D-WV-3] · D · Sponsor
• · hssm00 · Standing

Related records

• related to ← A bill to amend the Small Business Act to reduce the rate of interest on disaster relief loans under such Act, to apply special provisions of such Act of such loans made in connection with major disasters occurring after April 1, 1977 and before June 6, 1977.
• related to ← A bill to amend the Small Business Act to reduce the rate of interest on disaster relief loans under such act, to apply special provisions of such act to such loans made in connection with major disaster occurring after April 1, 1977, and before June 6, 1977.