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United States · Bill · HR

H.R. 7589 (96th)

A bill to amend the Small Business Act to increase to $110,000 the amount of a borrower's disaster loans eligible for a 3 percent interest rate.

referredUnited States· United States Congress· EN

Introduced

16 June 1980

Last action

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Status

Referred to House Committee on Small Business.

Sponsors

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Subjects

Discovery layer

Source updated

7 February 2024

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Summary

Amends the Small Business Act to increase from $55,000 to $110,000 the amount of a borrower's disaster loans eligible for a three percent interest rate. Stipulates that such provision shall apply to loans made on or after January 1, 1980, with respect to disasters occurring on or after such date.

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Documents

1 official file

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