A bill to repeal the sunset for collateral requirements for Small Business Administration disaster loans.

12/29/2022, 4:48 PM

This bill makes permanent the increase from $14,000 to $25,000 the minimum disaster loan amount for which the Small Business Administration may require collateral. Under current law, this increase is set to expire on November 25, 2022.

Congress
117
Number
S - 4299
Introduced on
2022-05-24
# Amendments
0
Sponsors
+5

Variations and Revisions

5/24/2022
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

This bill makes permanent the increase from $14,000 to $25,000 the minimum disaster loan amount for which the Small Business Administration may require collateral. Under current law, this increase is set to expire on November 25, 2022.

Alternative Names
Official Title as IntroducedA bill to repeal the sunset for collateral requirements for Small Business Administration disaster loans.
Policy Areas
Commerce

Comments

Recent Activity

Latest Summary6/28/2022

This bill makes permanent the increase from $14,000 to $25,000 the minimum disaster loan amount for which the Small Business Administration may require collateral. Under current law, this increase is set to expire on November 25, 2022.

Latest Action5/24/2022
Read twice and referred to the Committee on Small Business and Entrepreneurship.