PREPARE Act

Summary

Providing Resources for Emergency Preparedness and Resilient Enterprises Act or the PREPARE Act This bill permanently reauthorizes the pre-disaster mitigation loan program of the Small Business Administration (SBA). Under this program, the SBA may loan up to $500,000 in a 12-month period to small businesses so that such businesses may use mitigation techniques to protect their commercial real estate, equipment, inventory, supplies, and materials from damages related to disasters. The SBA must submit a report on the program that includes information such as (1) the geographic areas in which loan recipients are located, (2) the number and dollar value of loans made, and (3) the estimated aggregate value resulting from the use of funded mitigation techniques. The bill also authorizes the SBA to increase the amount of a disaster loan by up to 30% of the aggregate costs of any damage or destruction to enable a business to take mitigating measures that protect from possible future disasters.

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Timeline

1. 24 September 2020

   Introduced

   Read twice and referred to the Committee on Small Business and Entrepreneurship.

   Source: IntroReferral

2. 24 September 2020

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 24 September 2020 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 24 September 2020

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 24 September 2020

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 24 September 2020

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Rubio, Marco [R-FL] · R · Sponsor
• Sen. King, Angus S., Jr. [I-ME] · I · Sponsor
• Sen. Cardin, Benjamin L. [D-MD] · D · Sponsor
• Sen. Kennedy, John [R-LA] · R · Sponsor
• Sen. Ernst, Joni [R-IA] · R · Sponsor
• Sen. Wyden, Ron [D-OR] · D · Sponsor
• Sen. Collins, Susan M. [R-ME] · R · Sponsor
• · sssb00 · Standing

Related records

• related to → PREPARE Act
• related to → PREPARE Act