H.R. 5924 · 109th Congress
To amend the Small Business Act to provide for loan guarantees for certain private disaster loans.
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
BakerSponsorNo cosponsors.
Amends the Small Business Act to authorize the Administrator of the Small Business Administration to guarantee timely payment of principal and interest on any loan issued by a qualified private lender to an eligible small business concern located in a disaster area during the 24-month period in which it has been designated as a disaster area.
What it does: CRS summary · Introduced in House · Jul 27, 2006
Amends the Small Business Act to authorize the Administrator of the Small Business Administration to guarantee timely payment of principal and interest on any loan issued by a qualified private lender to an eligible small business concern located in a disaster area during the 24-month period in which it has been designated as a disaster area.
Permits such loans to be used for acquiring or developing real estate for selling or rental purposes, or to refinance any debt under this Act, or the Small Business Investment Act of 1958.
Authorizes the Administrator to establish an on-line application process for loans guaranteed under this Act.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Small Business Act to provide for loan guarantees for certain private disaster loans.
Latest action (Jul 27, 2006): Referred to the House Committee on Small Business.
Policy area: Commerce · Origin: House · Introduced: Jul 27, 2006
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.