S. 295 — Small Business and Farm Energy Emergency Relief Act of 2001

Summary

Small Business and Farm Energy Emergency Relief Act of 2001 - Amends the Small Business Act to authorize the Small Business Administration (SBA) to make disaster loans to assist small businesses that have suffered or are likely to suffer substantial economic injury as the result of a sharp and significant increase in the price of heating fuel or electricity. Prohibits any such loan from being made if the total amount outstanding and committed to the borrower would exceed $1.5 million, unless the applicant is a major source of employment in its surrounding area. Requires, for such assistance: (1) a declaration of a disaster by the President or the SBA Administrator; or (2) a certification from the governor of the State that its small businesses have suffered such economic injury and are in need of assistance which is not otherwise available.

Amends the Consolidated Farm and Rural Development Act to authorize the Secretary of Agriculture to make loans to farm operations that qualify as a small business and have or are likely to suffer substantial economic injury from a sharp and significant increase in energy costs or input costs from energy sources occurring on or after June 1, 2000, in connection with an energy emergency declared by the President or the Secretary.

Requires the SBA Administrator and the Secretary to report to specified congressional committees on the effectiveness of such loan programs.

Legislative Actions

2001-02-08

Introduced in Senate

2001-02-08

Sponsor introductory remarks on measure. (CR S1225-1227)

2001-02-08

Read twice and referred to the Committee on Small Business. (text of measure as introduced: CR S1227)

2001-02-28

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

2001-03-21

Committee on Small Business. Reported by Senator Bond with an amendment in the nature of a substitute. With written report No. 107-4.

2001-03-21

Committee on Small Business. Reported by Senator Bond with an amendment in the nature of a substitute. With written report No. 107-4.

2001-03-21

Placed on Senate Legislative Calendar under General Orders. Calendar No. 21.

2001-03-26

Measure laid before Senate by unanimous consent. (consideration: CR S2909-2913; text of measure as reported in Senate: CR S2910)

2001-03-26

The committee substitute as amended agreed to by Unanimous Consent.

2001-03-26

Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.(text: CR S2912-2913)

2001-03-26

Passed Senate with an amendment by Unanimous Consent. (text: CR S2912-2913)

2001-03-27

Message on Senate action sent to the House.

2001-03-27

Received in the House.

2001-03-27

Referred to the Committee on Small Business, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

2001-03-27

2001-05-17

Referred to the Subcommittee on Conservation, Credit, Rural Development and Research.

Small Business and Farm Energy Emergency Relief Act of 2001

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