Access to Sufficient Capital for Everyone in Natural Disaster areas Act of 2019

Bill: 116-hr-277
Sponsor: full_name: Rep. Velazquez, Nydia M. [D-NY-7]
Introduced: 2019-01-08
Policy area: Commerce
Subjects: Disaster relief and insurance

Government lending and loan guarantees

Small business
Latest action: action_date: 2019-07-16
text: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Summaries:
action_date: 2019-01-08
action_desc: Introduced in House
text: <p><b>Access to Sufficient Capital for Everyone in Natural Disaster areas Act of 2019 or the ASCEND Act of 2019</b></p> <p>This bill makes permanent the increased threshold limits for the minimum major-disaster loan amount for which the Small Business Administration may require collateral.</p>

action_date: 2019-06-13
action_desc: Reported to House
text: <p><b>Access to Sufficient Capital for Everyone in Natural Disaster areas Act of 2019 or the ASCEND Act of 2019</b></p> <p>This bill makes permanent the increased threshold limits for the minimum major-disaster loan amount for which the Small Business Administration may require collateral.</p>

action_date: 2019-07-15
action_desc: Passed House
text: <p><b>Access to Sufficient Capital for Everyone in Natural Disaster areas Act of 2019 or the ASCEND Act of 2019</b></p> <p>This bill makes permanent the increased threshold limits for the minimum major-disaster loan amount for which the Small Business Administration may require collateral.</p>

tv_txt: I 116th CONGRESS 1st Session H. R. 277 IN THE HOUSE OF REPRESENTATIVES January 8, 2019 Ms. Velázquez (for herself and Mr. Chabot ) introduced the following bill; which was referred to the Committee on Small Business A BILL To adjust collateral requirements under the Small Business Act for disaster loans, and for other purposes.

1. Short title This Act may be cited as the Access to Sufficient Capital for Everyone in Natural Disaster areas Act of 2019 or the ASCEND Act of 2019 . 2. Collateral requirements for disaster loans under the Small Business Act (a) Amendment to the RISE After Disaster Act of 2015 Section 2102 of the RISE After Disaster Act of 2015 ( Public Law 114–88 ) is amended be striking subsections (b) and (c). (b) Effective date The amendment made by subsection (a) shall take effect as though enacted as part of the RISE After Disaster Act of 2015.

tv_txt: IB Union Calendar No. 84 116th CONGRESS 1st Session H. R. 277 [Report No. 116–115] IN THE HOUSE OF REPRESENTATIVES January 8, 2019 Ms. Velázquez (for herself and Mr. Chabot ) introduced the following bill; which was referred to the Committee on Small Business June 13, 2019 Additional sponsors: Ms. Finkenauer and Mrs. Craig June 13, 2019 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To adjust collateral requirements under the Small Business Act for disaster loans, and for other purposes.

1. Short title This Act may be cited as the Access to Sufficient Capital for Everyone in Natural Disaster areas Act of 2019 or the ASCEND Act of 2019 . 2. Collateral requirements for disaster loans under the Small Business Act (a) Amendment to the RISE After Disaster Act of 2015 Section 2102 of the RISE After Disaster Act of 2015 ( Public Law 114–88 ) is amended be striking subsections (b) and (c). (b) Effective date The amendment made by subsection (a) shall take effect as though enacted as part of the RISE After Disaster Act of 2015.

June 13, 2019 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

tv_txt: IB 116th CONGRESS 1st Session H. R. 277 IN THE HOUSE OF REPRESENTATIVES AN ACT To adjust collateral requirements under the Small Business Act for disaster loans, and for other purposes.

1. Short title This Act may be cited as the Access to Sufficient Capital for Everyone in Natural Disaster areas Act of 2019 or the ASCEND Act of 2019 . 2. Collateral requirements for disaster loans under the Small Business Act (a) Amendment to the RISE After Disaster Act of 2015 Section 2102 of the RISE After Disaster Act of 2015 ( Public Law 114–88 ) is amended— (1) by striking subsections (b) and (c); and (2) by striking (a) In general.— . (b) Effective date The amendment made by subsection (a) shall take effect as though enacted as part of the RISE After Disaster Act of 2015.

Passed the House of Representatives July 15, 2019. Cheryl L. Johnson, Clerk.

tv_txt: IIB 116th CONGRESS 1st Session H. R. 277 IN THE SENATE OF THE UNITED STATES July 16, 2019 Received; read twice and referred to the Committee on Small Business and Entrepreneurship AN ACT To adjust collateral requirements under the Small Business Act for disaster loans, and for other purposes.

1. Short title This Act may be cited as the Access to Sufficient Capital for Everyone in Natural Disaster areas Act of 2019 or the ASCEND Act of 2019 . 2. Collateral requirements for disaster loans under the Small Business Act (a) Amendment to the RISE After Disaster Act of 2015 Section 2102 of the RISE After Disaster Act of 2015 ( Public Law 114–88 ) is amended— (1) by striking subsections (b) and (c); and (2) by striking (a) In general.— . (b) Effective date The amendment made by subsection (a) shall take effect as though enacted as part of the RISE After Disaster Act of 2015.

Passed the House of Representatives July 15, 2019. Cheryl L. Johnson, Clerk