US Congress House Bill 2857 (Prior Session Legislation)

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Sponsorship: Bipartisan Bill
Status: Introduced on July 30 2013 - 25% progression, died in committee
Action: 2013-07-30 - Referred to House House Administration
Pending: House Administration Committee
Text: Latest bill text (Introduced) [PDF]

Disaster Loan Fairness Act of 2013 - Amends the Small Business Act to provide the interest rate to be charged by the Small Business Administration (SBA) for loans made to small businesses 30 days after the date of enactment of this Act or later in major disaster areas. Requires such rate to be the lesser of 4% or one-half the prevailing rate for similar loans in the area for those unable to attain credit elsewhere, or three-fourths the prevailing rate for those able to attain credit elsewhere. Directs the Administrator to report to Congress on whether the reduced rate has resulted in: (1) a greater number of applications for disaster-related loans, (2) a greater number of approvals for such loans, or (3) a decreased default rate. Amends the Internal Revenue Code to prohibit the Secretary of the Treasury, with respect to any presidential election held after 2012, from making any payments from the Presidential Election Campaign Fund (Fund) to any national committee of a political party for political nominating conventions.

Disaster Loan Fairness Act of 2013

Rep. Lou Barletta [R-PA]

Rep. Grace Meng [D-NY]

Date	Chamber	Action
2013-07-30	House	Referred to House House Administration
2013-07-30	House	Referred to House Small Business
2013-07-30	House	Referred to the Committee on Small Business, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/2857/all-info
Text	https://www.congress.gov/113/bills/hr2857/BILLS-113hr2857ih.pdf