Community Disaster Loan Act of 2005

Bill: 109-s-1858
Sponsor: Sen. Vitter, David [R-LA]
Introduced: 2005-10-07 in the Senate
Policy area: Emergency Management
Subjects: Disaster loans
Economics and Public Finance
Finance and Financial Sector
Government lending
Hurricane aftermath legislation

Summary:
action_date: 2005-10-07
text: 
Community Disaster Loan Act of 2005 - Authorizes the transfer of up to $750 million, of the &quot;Disaster Relief&quot; amounts provided in Public Law 109-62, to the Disaster Assistance Direct Loan Program (including up to $1 million for related administrative expenses) for the cost of direct loans as authorized under the Robert T. Stafford Disaster Relief and Emergency Assistance Act. Requires such funds to be used to assist local governments in providing essential services. Allows such transfer to subsidize gross obligations for the principal amount of direct loans not to exceed $1 billion under the Stafford Act. Permits the amount of any such loan to exceed $5 million. Prohibits the cancellation of such loans.
 


action_date: 2005-10-07
text: 

(This measure has not been amended since it was introduced in the Senate on October 7, 2005. The summary of that version is repeated here.)

 
Community Disaster Loan Act of 2005 - Authorizes the transfer of up to $750 million, of the &quot;Disaster Relief&quot; amounts provided in Public Law 109-62, to the Disaster Assistance Direct Loan Program (including up to $1 million for related administrative expenses) for the cost of direct loans as authorized under the Robert T. Stafford Disaster Relief and Emergency Assistance Act. Requires such funds to be used to assist local governments in providing essential services. Allows such transfer to subsidize gross obligations for the principal amount of direct loans not to exceed $1 billion under the Stafford Act. Permits the amount of any such loan to exceed $5 million. Prohibits the cancellation of such loans.
 



Legislative actions:
action_date: 2005-10-07
text: Became Public Law No: 109-88.
action_date: 2005-10-07
text: Became Public Law No: 109-88.
action_date: 2005-10-07
text: Signed by President.
action_date: 2005-10-07
text: Signed by President.
action_date: 2005-10-07
text: Presented to President.
action_date: 2005-10-07
text: Presented to President.
action_date: 2005-10-07
text: Cleared for White House.
action_date: 2005-10-07
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2005-10-07
text: On passage Passed without objection. (text: CR H8798)
action_date: 2005-10-07
text: Passed/agreed to in House: On passage Passed without objection.(text: CR H8798)
action_date: 2005-10-07
text: RESERVATION OF OBJECTION - Mr. Obey rose and reserved the right to object to the consideration of S. 1858.
action_date: 2005-10-07
text: WITHDRAWAL OF RESERVATION OF OBJECTION - Mr. Oberstar withdrew his objection to the consideration of the measure.
action_date: 2005-10-07
text: Mr. Oberstar continued to reserve his right to object to the consideration of S. 1858.
action_date: 2005-10-07
text: RESERVATION OF OBJECTION - Mr. Oberstar rose and reserved his right to object to the consideration of S. 1858.
action_date: 2005-10-07
text: Mr. Baker asked unanimous consent to take from the Speaker's table and consider. (consideration: CR H8794-8798)
action_date: 2005-10-07
text: Message on Senate action sent to the House.
action_date: 2005-10-07
text: Received in the House.
action_date: 2005-10-07
text: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S11280-11285; text as passed Senate: CR S11281-11282)
action_date: 2005-10-07
text: Passed/agreed to in Senate: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent.(consideration: CR S11280-11285; text as passed Senate: CR S11281-11282)
action_date: 2005-10-07
text: Introduced in Senate

Enacted as: number: 109-88