S 1709
112th Congress
Senate
Commerce
Credit and credit markets
Disaster relief and insurance
Government lending and loan guarantees
Interest, dividends, interest rates
Small business
Small Business Disaster Assistance Act of 2011
Introduced: October 13, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 13, 2011
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Oct 13, 2011
Introduced in Senate
Plain-English summary
Small Business Disaster Assistance Act of 2011 - Reduces temporarily, through September 30, 2014, the interest rate on the federal share of certain Small Business Administration (SBA) disaster loans (to repair, rehabilitate, replace, or refinance property damaged or destroyed by or as a result of a natural or other disaster) made to businesses on or after August 26, 2011. Sets forth temporary rates of: (1) 1% per year, in the case of a business concern unable to obtain credit elsewhere; and (2) 3% per year, in the case of a business concern able to obtain credit elsewhere.
What's happening now
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committees of jurisdiction
1
Cosponsors
1