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HR 3042 112th Congress House Commerce Disaster relief and insurance Interest, dividends, interest rates Small business

Disaster Loan Fairness Act of 2011

Introduced: November 30, 2011 See on congress.gov
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 23, 2011
Referred to the House Committee on Small Business.
Sep 23, 2011
Introduced in House
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 Plain-English summary Congressional Research Service

Disaster Loan Fairness Act of 2011 - Requires that, when the President declares a major disaster, the interest rates for any loan programs or guarantees under the Small Business Act or Small Business Investment Act of 1958, including home disaster loans, business physical disaster loans, and economic injury disaster loans, shall be 1% for eligible applicants in the declared disaster area, with or without other available credit.

Makes such rates applicable for the duration of all loans and guarantees made while the declaration is in effect.

What's happening now September 23, 2011

Referred to the House Committee on Small Business.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 17
All 17 Democratic 4 Republican 2
D
Chu, Judy
California · Jun 1, 2012
Hunter, Duncan
· Dec 20, 2011
HALL, RALPH
· Dec 12, 2011
Meehan, Patrick
· Dec 12, 2011
 D
Wilson, Frederica S.
Florida · Dec 12, 2011
Gerlach, Jim
· Dec 1, 2011
HINCHEY, MAURICE
· Dec 1, 2011
BARTLETT, ROSCOE
· Nov 30, 2011
Shuster, Bill
· Nov 30, 2011
 D
Tonko, Paul
New York · Nov 1, 2011
 R
Thompson, Glenn
Pennsylvania · Oct 24, 2011
HOLDEN, TIM
· Sep 23, 2011
 R
Kelly, Mike
Pennsylvania · Sep 23, 2011
Marino, Tom
· Sep 23, 2011
PITTS, JOSEPH
· Sep 23, 2011
PLATTS, TODD
· Sep 23, 2011
 D
Welch, Peter
Vermont · Sep 23, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3042: Disaster Loan Fairness Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-HR-3042/
MLA
"H.R. 3042: Disaster Loan Fairness Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-3042/.
Bluebook (legal)
H.R. 3042, 112th Cong. (2026), https://openamerica.io/bill/112-HR-3042/.
Markdown link
[H.R. 3042: Disaster Loan Fairness Act of 2011](https://openamerica.io/bill/112-HR-3042/)
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