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

12/29/2022, 4:48 PM

Congressional Summary of S 4299

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.

Current Status of Bill S 4299

Bill S 4299 is currently in the status of Bill Introduced since May 24, 2022. Bill S 4299 was introduced during Congress 117 and was introduced to the Senate on May 24, 2022.  Bill S 4299's most recent activity was Read twice and referred to the Committee on Small Business and Entrepreneurship. as of May 24, 2022

Bipartisan Support of Bill S 4299

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4299

Primary Policy Focus

Commerce

Alternate Title(s) of Bill S 4299

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

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