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PREPARE Act

Introduced: September 20, 2021 Introduced by: Morelle, Joseph D. Democratic · New York See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 13, 2021

Referred to the House Committee on Small Business.

May 13, 2021

Introduced in House

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Plain-English summary Congressional Research Service

Providing Resources for Emergency Preparedness And Resilient Enterprises Act or the PREPARE Act

This bill reauthorizes through FY2026 a pre-disaster mitigation program, administered by the Small Business Administration, for disbursing economic injury disaster loans to small businesses for protection of real estate, equipment, inventory, supplies, and materials. The bill also increases the amount for loans to take mitigating actions to protect damaged or destroyed property from possible future disasters.

What's happening now May 13, 2021

Referred to the House Committee on Small Business.

Related & companion bills 1

Bill text 1 version