US Congress Senate Bill 1709 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on October 13 2011 - 25% progression, died in committee
Action: 2011-10-13 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]

Small Business Disaster Assistance Act of 2011 - Reduces temporarily, through September 30, 2014, the interest rate on the federal share of certain Small Business Administration (SBA) disaster loans (to repair, rehabilitate, replace, or refinance property damaged or destroyed by or as a result of a natural or other disaster) made to businesses on or after August 26, 2011. Sets forth temporary rates of: (1) 1% per year, in the case of a business concern unable to obtain credit elsewhere; and (2) 3% per year, in the case of a business concern able to obtain credit elsewhere.

Small Business Disaster Assistance Act of 2011

Sen. Robert Casey [D-PA]

Sen. Kirsten Gillibrand [D-NY]

Date	Chamber	Action
2011-10-13	Senate	Read twice and referred to the Committee on Small Business and Entrepreneurship.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/1709/all-info
Text	https://www.congress.gov/112/bills/s1709/BILLS-112s1709is.pdf