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HR 2742 103th Congress House Commerce Disaster loans Disaster relief Flood insurance Floods Government lending Interest rates Small business

To amend the Small Business Act to reduce the interest rates on disaster loans provided by the Small Business Administration for losses resulting from flooding in Midwest communities participating in…

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To amend the Small Business Act to reduce the interest rates on disaster loans provided by the Small Business Administration for losses resulting from flooding in Midwest communities participating in the national flood insurance program.

Introduced: July 26, 1993 See on congress.gov
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) 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
Jul 29, 1993
Referred to the Subcommittee on SBA Legislation and the General Economy.
Jul 26, 1993
Referred to the House Committee on Small Business.
Jul 26, 1993
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Small Business Act to reduce to one percent per year (currently, varying rates of up to eight percent) the interest rate on the Federal share of disaster loans provided by the Small Business Administration to homeowners and businesses (including agricultural cooperatives) unable to obtain credit elsewhere for losses resulting from flooding in Midwest communities between June 1, 1993, and May 31, 1994, as long as such communities are participants in the national flood insurance program.

What's happening now July 29, 1993

Referred to the Subcommittee on SBA Legislation and the General Economy.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 2 Republican 1
D
Durbin, Richard J.
Illinois · Sep 21, 1993
 D
Scott, Robert C. "Bobby"
Virginia · Sep 21, 1993
 R
Smith, Christopher H.
New Jersey · Sep 21, 1993
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2742: To amend the Small Business Act to reduce the interest rates on disaster loans provided by the Small Business Administration for losses resulting from flooding in Midwest communities participating in the national flood insurance program.. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-2742/
MLA
"H.R. 2742: To amend the Small Business Act to reduce the interest rates on disaster loans provided by the Small Business Administration for losses resulting from flooding in Midwest communities participating in the national flood insurance program.." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-2742/.
Bluebook (legal)
H.R. 2742, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-2742/.
Markdown link
[H.R. 2742: To amend the Small Business Act to reduce the interest rates on disaster loans provided by the Small Business Administration for losses resulting from flooding in Midwest communities participating in the national flood insurance program.](https://openamerica.io/bill/103-HR-2742/)
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