A bill to authorize the Administrator of the Small Business Administration to waive interest for certain loans relating to damage caused by Hurricane Katrina, Hurricane Rita, Hurricane Gustav, or Hurricane Ike.
Southeast Hurricanes Small Business Disaster Relief Act of 2010 - Directs the Administrator of the Small Business Administration (SBA) to establish a Southeast Hurricanes Small Business Disaster Relief Program under which the Administrator may waive, for up to three years and $15,000 total, the interest payments of small businesses that resume operations in a declared disaster area during the period beginning on: (1) September 1, 2005, and ending on October 1, 2006, for loans relating to Hurricanes Katrina or Rita of 2005; or (2) September 1, 2008, and ending on January 1, 2009, for loans relating to Hurricanes Gustav or Ike of 2008.
Referred to the Subcommittee on Finance and Tax.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S485-486)
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S486)
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