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HR 6296 112th Congress House Commerce Congressional oversight Disaster relief and insurance Elections, voting, political campaign regulation Government lending and loan guarantees Interest, dividends, interest rates Political parties and affiliation Small business

Disaster Loan Fairness Act of 2012

Introduced: August 2, 2012 See on congress.gov
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 Everywhere this bill has been 9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 20, 2012
Received in the Senate.
Sep 19, 2012
Motion to reconsider laid on the table Agreed to without objection.
Sep 19, 2012
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6115-6116)
Sep 19, 2012
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H6115-6116)
Sep 19, 2012
DEBATE - The House proceeded with forty minutes of debate on H.R. 6296.
Sep 19, 2012
Considered under suspension of the rules. (consideration: CR H6115-6118)
Sep 19, 2012
Mr. Barletta moved to suspend the rules and pass the bill, as amended.
Aug 2, 2012
Referred to the House Committee on Small Business.
Aug 2, 2012
Introduced in House
 Plain-English summary Congressional Research Service

Disaster Loan Fairness Act of 2012 - Amends the Small Business Act to provide the interest rate to be charged by the Small Business Administration (SBA) for loans made to small businesses beginning on January 1, 2011, and ending four years after the date of enactment of this Act in major disaster areas. Requires such rate to be the lesser of 4% or one-half the prevailing rate for similar loans in the area for those unable to attain credit elsewhere, or three-fourths the prevailing rate for those able to attain credit elsewhere. Requires the SBA Administrator to refund excess interest payments made by qualifying borrowers before the enactment of this Act.

Directs the Administrator to report to Congress on whether the reduced rate has resulted in: (1) a greater number of applications for disaster-related loans, (2) a greater number of approvals for such loans, or (3) a decreased default rate.

Amends the Internal Revenue Code to prohibit the Secretary of the Treasury, with respect to any presidential election held after 2012, from making any payments from the Presidential Election Campaign Fund (Fund) to any national committee of a political party for political nominating conventions.

What's happening now September 20, 2012

Received in the Senate.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1