US Congress Senate Bill 3681 (Prior Session Legislation)

---

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]

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.

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

Sen. Mary Landrieu [D-LA]

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)

SB3672 (Same As) 2012-12-13 - Committee on Small Business and Entrepreneurship. Hearings held.

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