Senate Bill 4299 - A bill to repeal the sunset for collateral requirements for Small Business Administration disaster loans.

Purpose and Summary

Chamber: Senate

Introduced date: 2022-05-24

Recent Activity

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

Alternative Names

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.

Associated Legislation

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Policy Areas

Commerce

Potential Impact

Sponsors and Supporters

Sen. Kennedy, John [R-LA]

Cosponsors and Supporters

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Committees and Subcommittees

Small Business and Entrepreneurship Committee

Variations and Revisions

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

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.