A bill to reauthorize and limit the pre-disaster mitigation program of the Small Business Administration, and for other purposes.
Providing Resources for Emergency Preparedness And Resilient Enterprises Act or the PREPARE Act
This bill reauthorizes through FY2026 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.
Referred to the House Committee on Small Business.
Introduced in Senate
Read twice and referred to the Committee on Small Business and Entrepreneurship.
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