H.R. 565 · 110th Congress
Small Business Disaster Loan Improvement Act of 2007
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
No cosponsors.
Small Business Disaster Loan Improvement Act of 2007 - Amends the Small Business Act to prohibit the Administrator of the Small Business Administration (SBA), in determining whether a person is eligible for a loan under the SBA's disaster loan program with respect to a catastrophic incident, or in determining the amount of such loan, to consider the extent…
What it does: CRS summary · Introduced in House · Jan 18, 2007
Small Business Disaster Loan Improvement Act of 2007 - Amends the Small Business Act to prohibit the Administrator of the Small Business Administration (SBA), in determining whether a person is eligible for a loan under the SBA's disaster loan program with respect to a catastrophic incident, or in determining the amount of such loan, to consider the extent to which: (1) the loss or injury of the person is compensated for by insurance or otherwise; or (2) the person paid insurance proceeds to a recorded lienholder.
Deems the 2005 Hurricanes Katrina, Wilma, and Rita as catastrophic incidents for purposes of this Act.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Small Business Disaster Loan Improvement Act of 2007
Latest action (Jan 18, 2007): Referred to the House Committee on Small Business.
Policy area: Commerce · Origin: House · Introduced: Jan 18, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.