Senate Bill 943 - Small Business Disaster Damage Fairness Act of 2023

Purpose and Summary

Chamber: Senate

Introduced date: 2023-03-22

Recent Activity

Placed on Senate Legislative Calendar under General Orders. Calendar No. 165.

Alternative Names

Small Business Disaster Damage Fairness Act of 2023

Small Business Disaster Damage Fairness Act of 2023

Small Business Disaster Damage Fairness Act of 2023

A bill to increase the minimum disaster loan amount for which the Small Business Administration may require collateral, and for other purposes.

Associated Legislation

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Policy Areas

Commerce

Potential Impact

Credit and credit markets

Government studies and investigations

Interest, dividends, interest rates

Natural disasters

Performance measurement

Small business

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

Small Business Disaster Damage Fairness Act of 2023

1/11/2024, 5:45 PM

Small Business Disaster Damage Fairness Act of 2023

This bill increases from $14,000 to $25,000 the threshold loan amount over which the Small Business Administration may require collateral for a disaster loan.

The Government...

Congress
118

Number
S - 943

Introduced on
2023-03-22

# Amendments
0

Sponsors
+5

Variations and Revisions

7/25/2023

Status of Legislation

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

Purpose and Summary

Small Business Disaster Damage Fairness Act of 2023

This bill increases from $14,000 to $25,000 the threshold loan amount over which the Small Business Administration may require collateral for a disaster loan.

The Government...

Alternative Names
Official Title as IntroducedA bill to increase the minimum disaster loan amount for which the Small Business Administration may require collateral, and for other purposes.

Policy Areas
Commerce

Potential Impact
Credit and credit markets•
Government studies and investigations•
Interest, dividends, interest rates•
Natural disasters•
Performance measurement•
Small business

Comments

Recent Activity

Latest Summary11/27/2023

Small Business Disaster Damage Fairness Act of 2023

This bill increases from $14,000 to $25,000 the threshold loan amount over which the Small Business Administration may require collateral for a disaster loan.

The Government...


Latest Action7/25/2023
Placed on Senate Legislative Calendar under General Orders. Calendar No. 165.