S. 3012 — A bill to amend the Small Business Act to reduce the interest rate payable on the Federal share of certain disaster loans made under such Act.

Summary

Amends the Small Business Act to reduce from eight percent to five percent the maximum interest rate on Small Business Administration disaster loans to homeowners and businesses unable to obtain credit elsewhere.

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Related Legislation

H.R. 7232A bill to amend the Small Business Act to reduce the interest rate payable on the share of certain disaster loans made under such act.
1982-10-08Referred to Subcommittee on SBA & SBIC Authority, Minority Enterprise, and General Small Business Problems.
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Legislative Actions

1982-10-01
Introduced in Senate
1982-10-01
Read twice and referred to the Committee on Small Business.

A bill to amend the Small Business Act to reduce the interest rate payable on the Federal share of certain disaster loans made under such Act.

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