United States · Bill · S
S. 3672 (112th)
A bill to clarify the collateral requirement for certain loans under section 7(d) of the Small Business Act, and for other purposes.
Introduced
12 December 2012
Last action
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Status
Committee on Small Business and Entrepreneurship. Hearings held.
Sponsors
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Subjects
Discovery layer
Source updated
5 December 2025
Summary
Amends the Small Business Act to prohibit the Administrator of the Small Business Administration (SBA), in obtaining the best available collateral for a disaster loan of not more than $200,000 relating to damage to or destruction of property or economic injury to a small business, from requiring the small business owner to use his or her primary residence as collateral if the Administrator determines that the owner has other assets with a value equal to or greater than the loan amount that could be used as collateral.
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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 · EN · 12 December 2012
Introduced in Senate (PDF)
Introduced in Senate · EN · 12 December 2012
Introduced in Senate
summary · EN · 12 December 2012
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/112th-congress/senate-bill/3672
- Open data entity: https://api.congress.gov/v3/bill/112/s/3672