PREPARE Act
- Last Action
- 5/13/2021
Actions
- 2021-05-13Referred to the House Committee on Small Business.
- 2021-05-13Introduced in House
- 2021-05-13Introduced in House
CRS Summary
As of 2021-05-13 (00)
Providing Resources for Emergency Preparedness And Resilient Enterprises Act or the PREPARE Act
This bill reauthorizes through FY2026 a pre-disaster mitigation program, administered by the Small Business Administration, for disbursing economic injury disaster loans to small businesses for protection of real estate, equipment, inventory, supplies, and materials. The bill also increases the amount for loans to take mitigating actions to protect damaged or destroyed property from possible future disasters.
Cosponsors (20)
- Sharice Davids (D-KS)
- Pete Stauber (R-MN)
- Jack Bergman (R-MI)
- Julia Brownley (D-CA)
- Maria Salazar (R-FL)
- Elaine Luria (D-VA)
- Andrew Garbarino (R-NY)
- Tom Rice (R-SC)
- Cynthia Axne (D-IA)
- Marilyn Strickland (D-WA)
- Joe Neguse (D-CO)
- Ted Lieu (D-CA)
- James Himes (D-CT)
- Derek Kilmer (D-WA)
- Nancy Mace (R-SC)
- Paul Tonko (D-NY)
- David Cicilline (D-RI)
- Ed Case (D-HI)
- Sylvia Garcia (D-TX)
- Brian Fitzpatrick (R-PA)
Subjects
- Congressional oversight
- Geography and mapping
- Government information and archives
- Government lending and loan guarantees
- Government studies and investigations
- Natural disasters
- Small business
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.