S. 2734 — Small Business Drought Relief Act

Summary

Small Business Drought Relief Act - Amends the Small Business Act to include within the definition of "disaster," for purposes of disaster loans provided to small businesses through the Small Business Administration (SBA), droughts and below average water levels in the Great Lakes. Authorizes such loan assistance for farm- and nonfarm-related small businesses affected by droughts.

Requires the SBA to respond in writing to a State Governor regarding its determination concerning the provision of disaster loan assistance within 30 days after receiving such Governor's certification that small businesses in that State have suffered economic injury as a result of a disaster.

Legislative Actions

2002-07-16

Introduced in Senate

2002-07-16

Sponsor introductory remarks on measure. (CR S6871)

2002-07-16

Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S6871-6872)

2002-07-24

Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.

2002-07-31

Committee on Small Business and Entrepreneurship. Reported by Senator Kerry with an amendment in the nature of a substitute and an amendment to the title. With written report No. 107-230.

2002-07-31

Committee on Small Business and Entrepreneurship. Reported by Senator Kerry with an amendment in the nature of a substitute and an amendment to the title. With written report No. 107-230.

2002-07-31

Placed on Senate Legislative Calendar under General Orders. Calendar No. 535.

2002-11-20

Sponsor introductory remarks on measure. (CR S11546-11547)

Small Business Drought Relief Act

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