SENATE 1370118th CongressRead twice and referred to the Committee on Small Business and Entrepreneurship.

PREPARE Act of 2023

Last Action: 4/27/2023

Actions

2023-04-27Read twice and referred to the Committee on Small Business and Entrepreneurship.
2023-04-27Introduced in Senate

CRS Summary

As of 2023-04-27 (00)

Providing Resources for Emergency Preparedness And Resilient Enterprises Act of 2023 or the PREPARE Act of 2023

This bill reauthorizes through FY2028 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 (6)

Angus King (I-ME)
Susan Collins (R-ME)
Ron Wyden (D-OR)
Ben Cardin (D-MD)
Raphael Warnock (D-GA)
Gary Peters (D-MI)

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