United States · Bill · S
S. 3122 (109th)
Patriot Loan Act of 2006
Introduced
25 May 2006
Last action
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Status
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sponsors
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Subjects
Discovery layer
Source updated
15 August 2025
Summary
Patriot Loan Act of 2006 - Amends the Small Business Act to increase from $1.5 million to $2 million the loan limit that may be made to a small businesses that has suffered or is likely to suffer substantial economic injury as a result of an essential employee being ordered to active military duty during a period of military conflict. Limits to $25,000 any such loan that is made without collateral. Directs the Administrator of the Small Business Administration (SBA) and the Secretary of Defense to: (1) develop a joint website and printed material providing information on such loan program; and (2) conduct a joint study on the feasibility of creating a business mobilization and interruption insurance program and a debt insurance program for mobilized Guard and reserve personnel who own or operate small businesses.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 25 May 2006
Introduced in Senate (PDF)
Introduced in Senate · EN · 25 May 2006
Introduced in Senate
summary · EN · 25 May 2006
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/109th-congress/senate-bill/3122
- Open data entity: https://api.congress.gov/v3/bill/109/s/3122