Amends the Disaster Relief Act of 1974 to provide disaster victims, with respect to disasters occurring on or after April 20, 1973, 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 loan forgiveness clause.
Referred to House Committee on Agriculture.
Introduced in Senate
Referred jointly to Senate Committees on Small Business; and Agriculture, Nutrition and Forestry.
Referred jointly to Senate Committee on Environment and Public Works.
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