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Small Business Disaster Damage Fairness Act of 2023
1/11/2024, 5:45 PM
Congressional Summary of S 943
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 Accountability Office must report on the performance, including the default rate, of such loans.
Read the Full Bill
Current Status of Bill S 943
Bill S 943 is currently in the status of Bill Introduced since March 22, 2023. Bill S 943 was introduced during Congress 118 and was introduced to the Senate on March 22, 2023. Bill S 943's most recent activity was Placed on Senate Legislative Calendar under General Orders. Calendar No. 165. as of July 25, 2023
Bipartisan Support of Bill S 943
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 943
Primary Policy Focus
CommercePotential Impact Areas
- Credit and credit markets
- Government studies and investigations
- Interest, dividends, interest rates
- Natural disasters
- Performance measurement
- Small business
Alternate Title(s) of Bill S 943
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.
Comments
Sponsors and Cosponsors of S 943
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