US SB1709 | 2011-2012 | 112th Congress
Status
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]
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]
Summary
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.
Title
Small Business Disaster Assistance Act of 2011
Sponsors
Sen. Robert Casey [D-PA] | Sen. Kirsten Gillibrand [D-NY] |
History
Date | Chamber | Action |
---|---|---|
2011-10-13 | Senate | Read twice and referred to the Committee on Small Business and Entrepreneurship. |
Subjects
Commerce
Credit and credit markets
Disaster relief and insurance
Government lending and loan guarantees
Interest, dividends, interest rates
Small business
Credit and credit markets
Disaster relief and insurance
Government lending and loan guarantees
Interest, dividends, interest rates
Small business
US Congress State Sources
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 |