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HR 691 102th Congress House Commerce Bank failures Disaster relief Finance and Financial Sector Small business

To amend the Small Business Act to provide disaster loan eligibility to small business concerns located in States in which one-third or more of the depository institutions have been simultaneously…

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To amend the Small Business Act to provide disaster loan eligibility to small business concerns located in States in which one-third or more of the depository institutions have been simultaneously closed for a period of at least 5 days.

Introduced: January 29, 1991 See on congress.gov
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 23, 1991
Referred to the Subcommittee on SBA, the General Economy, and Minority Enterprise Development.
Jan 29, 1991
Referred to the House Committee on Small Business.
Jan 29, 1991
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Small Business Act to empower the Small Business Administration to make disaster loans to small business concerns in a State in which one-third or more of the depository institutions have been closed simultaneously for a five-day period and, consequently, depositors cannot access their funds.

Limits eligibility to situations where: (1) a substantial percentage of the applicant's funds are held in a closed depository institution; and (2) the applicant's need for credit is a direct result of the closing of such institution.

What's happening now May 23, 1991

Referred to the Subcommittee on SBA, the General Economy, and Minority Enterprise Development.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Reed, Jack
Rhode Island · Jan 29, 1991
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APA
U.S. Congress. (2026). H.R. 691: To amend the Small Business Act to provide disaster loan eligibility to small business concerns located in States in which one-third or more of the depository institutions have been simultaneously closed for a period of at least 5 days.. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-691/
MLA
"H.R. 691: To amend the Small Business Act to provide disaster loan eligibility to small business concerns located in States in which one-third or more of the depository institutions have been simultaneously closed for a period of at least 5 days.." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-691/.
Bluebook (legal)
H.R. 691, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-691/.
Markdown link
[H.R. 691: To amend the Small Business Act to provide disaster loan eligibility to small business concerns located in States in which one-third or more of the depository institutions have been simultaneously closed for a period of at least 5 days.](https://openamerica.io/bill/102-HR-691/)
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