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SENATE 943118th CongressPlaced on Senate Legislative Calendar under General Orders. Calendar No. 165.

Small Business Disaster Damage Fairness Act of 2023

Last Action
7/25/2023

Actions

  • 2023-07-25Placed on Senate Legislative Calendar under General Orders. Calendar No. 165.
  • 2023-07-25Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with an amendment in the nature of a substitute. Without written report.
  • 2023-07-25Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with an amendment in the nature of a substitute. Without written report.
  • 2023-07-19Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
  • 2023-03-22Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • 2023-03-22Introduced in Senate

CRS Summary

As of 2023-07-25 (25)

Small Business Disaster Damage Fairness Act of 2023

This bill increases from $14,000 to $25,000 the threshold loan amount over which the Small Business Administration may require collateral for a disaster loan.

The Government Accountability Office must report on the performance, including the default rate, of such loans.

Subjects

  • Credit and credit markets
  • Government studies and investigations
  • Interest, dividends, interest rates
  • Natural disasters
  • Performance measurement
  • Small business
Read on Congress.gov

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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.