Military Reservists Small Business relief Act

Summary

Military Reservists Small Business Relief Act - Amends the Small Business Act to direct the Small Business Administration (the Administration) to defer, upon request, repayment on any direct loan incurred by a member of a reserve component of the armed forces prior to being ordered to active duty. Provides that during the deferral period repayment of principal and interest on the loan shall not be required, and no interest will accrue thereon. Prescribes guidelines for economic injury disaster loan assistance for military reservists' small businesses. Directs the Administration to: (1) utilize all its business development and management assistance programs (including State and private sector partners) to provide business counseling and training to small businesses adversely affected by the deployment of armed forces units in military or emergency situations; and (2) publicize such programs. States that for purposes of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) all direct and discretionary spending contained in this Act are emergency expenditures related to Operation Desert Shield, Operation Desert Storm, or any successor thereto.

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

4 official files

• Reported to Senate (text)

  Reported to Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Reported to Senate with amendment(s)

  summary · EN · 28 February 1991

  Open at official source

• Introduced in Senate

  summary · EN · 6 February 1991

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.