Collateral Requirements for Disaster Loans Act

Bill: 117-hr-8482
Sponsor: full_name: Rep. Velazquez, Nydia M. [D-NY-7]
Introduced: 2022-07-21
Policy area: Commerce
Latest action: action_date: 2022-07-21
text: Referred to the House Committee on Small Business.

Summaries:
action_date: 2022-07-21
action_desc: Introduced in House
text: <p><strong>Collateral Requirements for Disaster Loans Act</strong></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 117th CONGRESS 2d Session H. R. 8482 IN THE HOUSE OF REPRESENTATIVES July 21, 2022 Ms. Velázquez (for herself and Mr. Graves of Louisiana ) 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 Collateral Requirements for Disaster Loans Act . 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.