Amends the Disaster Relief Act of 1974 to provide disaster victims with respect to disasters occurring on or after December 1, 1976, with two options for loan repayment of borrowed funds under certain provisions of the Small Business Act or the Consolidated Farm and Rural Development Act: (1) a three percent interest rate with up to $2,500 forgiveness on the loan; or (2) a one percent interest rate with no forgiveness clause.
Introduced in House
Introduced in House
Referred to House Committee on Agriculture.
Referred to House Committee on Small Business.
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