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American Small Business Emergency Relief and Recovery Act

Introduced: October 4, 2001 See on congress.gov

Everywhere this bill has been 14 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 9, 2002

Referred to the House Committee on Small Business.

Apr 9, 2002

Received in the House.

Apr 9, 2002

Message on Senate action sent to the House.

Mar 22, 2002

Passed Senate with an amendment by Unanimous Consent.

Mar 22, 2002

Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.

Mar 22, 2002

Measure laid before Senate by unanimous consent. (consideration: CR S2335-2338)

Dec 12, 2001

Sponsor introductory remarks on measure. (CR S13044)

Dec 11, 2001

Sponsor introductory remarks on measure. (CR S12822-12826)

Nov 27, 2001

Sponsor introductory remarks on measure. (CR S12045-12046)

Nov 13, 2001

Sponsor introductory remarks on measure. (CR S11717)

Oct 9, 2001

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 186.

Oct 4, 2001

Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

Oct 4, 2001

Sponsor introductory remarks on measure. (CR S10289-10299)

Oct 4, 2001

Introduced in Senate

Plain-English summary Congressional Research Service

American Small Business Emergency Relief and Recovery Act of 2001 - Amends the Small Business Act to authorize the Small Business Administration (SBA) to make disaster loans to a small business concern that has been directly affected and suffered or is likely to suffer substantial economic injury as the direct result of the terrorist attacks of September 11, 2001, including injury due to closure or suspension of its business for national security purposes by the Federal Government.

Authorizes the SBA, during the year after enactment of this Act, to make loans to small business concerns that have suffered or are likely to suffer economic harm to or disruption of operations as a result such attacks. Waives guarantee fees and increases the guarantee percentage on such loans for one year after the enactment of this Act.

Amends the Small Business Investment Act of 1958 to: (1) waive development company debenture guarantee loan fees for financings made after enactment of this Act for one year; and (2) authorize small business investment companies to issue leverage to assist small business concerns adversely impacted by the terrorist attacks.

Amends the Small Business Act to authorize special, individualized assistance to small business concerns adversely impacted by the terrorist attacks through the following programs; (1) small business development centers; (2) Service Corps of Retired Executives (SCORE); (3) microloan program (women, low-income, veterans, minority); and (4) women's business center program.

Directs the Office of Advocacy of the SBA to conduct annual studies on the impact of the events of September 11, 2001, on small business concerns, and the effects of assistance provided under this Act.

What's happening now April 9, 2002

Referred to the House Committee on Small Business.

Committees of jurisdiction 1