US SB3681 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on December 13 2012 - 25% progression, died in committee
Action: 2012-12-13 - Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S8043)
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 13 2012 - 25% progression, died in committee
Action: 2012-12-13 - Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S8043)
Pending: Senate Small Business And Entrepreneurship Committee
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.
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
Sen. Mary Landrieu [D-LA] |
History
Date | Chamber | Action |
---|---|---|
2012-12-13 | Senate | Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S8043) |
2012-12-13 | Senate | Sponsor introductory remarks on measure. (CR S8042-8043) |
Same As/Similar To
SB3672 (Same As) 2012-12-13 - Committee on Small Business and Entrepreneurship. Hearings held.
Subjects
Commerce
Disaster relief and insurance
Government lending and loan guarantees
Housing finance and home ownership
Small business
Disaster relief and insurance
Government lending and loan guarantees
Housing finance and home ownership
Small business
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/senate-bill/3681/all-info |
Text | https://www.congress.gov/112/bills/s3681/BILLS-112s3681is.pdf |