A bill to increase the minimum disaster loan amount for which the Small Business Administration may require collateral, and for other purposes.
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.
Introduced in Senate
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with an amendment in the nature of a substitute. Without written report.
Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with an amendment in the nature of a substitute. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 165.
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