US SB3672 | 2011-2012 | 112th Congress

Status

Status: Introduced on December 12 2012 - 25% progress, died in chamber
Action: 2012-12-13 - Committee on Small Business and Entrepreneurship. Hearings held.
Text: Latest bill text (Introduced) [PDF]

Summary

Amends the Small Business Act to prohibit the Administrator of the Small Business Administration (SBA), in obtaining the best available collateral for a disaster loan of not more than $200,000 relating to damage to or destruction of property or economic injury to a small business, from requiring the small business owner to use his or her primary residence as collateral if the Administrator determines that the owner has other assets with a value equal to or greater than the loan amount that could be used as collateral.

Tracking Information

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Title

A bill to clarify the collateral requirement for certain loans under section 7(d) of the Small Business Act, and for other purposes.

Sponsors


History

DateChamberAction
2012-12-13SenateCommittee on Small Business and Entrepreneurship. Hearings held.
2012-12-12SenateRead twice and referred to the Committee on Small Business and Entrepreneurship.

Same As/Similar To

SB3681 (Same As) 2012-12-13 - Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S8043)

Subjects


US Congress State Sources


Bill Comments

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