A bill to repeal the sunset for collateral requirements for Small Business Administration disaster loans.

Bill: 117-s-4299
Sponsor: full_name: Sen. Kennedy, John [R-LA]
Introduced: 2022-05-24
Policy area: Commerce
Latest action: action_date: 2022-05-24
text: Read twice and referred to the Committee on Small Business and Entrepreneurship.

Summaries:
action_date: 2022-05-24
action_desc: Introduced in Senate
text: <p>This bill makes permanent the increase from $14,000 to $25,000 the minimum disaster loan amount for which the Small Business Administration may require collateral. Under current law, this increase is set to expire on November 25, 2022.</p>

tv_txt: II 117th CONGRESS 2d Session S. 4299 IN THE SENATE OF THE UNITED STATES May 24, 2022 Mr. Kennedy introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship A BILL To repeal the sunset for collateral requirements for Small Business Administration disaster loans.

1. Repeal of sunset for collateral requirements for SBA disaster loans Section 2102(b) of the RISE After Disaster Act of 2015 ( 15 U.S.C. 636 note) is repealed.