A bill to repeal the sunset for collateral requirements for Small Business Administration disaster loans.
Summary
This bill makes permanent the increase from $14,000 to $25,000 the minimum disaster loan amount for which the Small Business Administration may require collateral. Under current law, this increase is set to expire on November 25, 2022.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2022
Committee Review
Floor Vote
President
Introduced May 24, 2022
Last action May 24, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 24, 2022
Committee
Read twice and referred to the Committee on Small Business and Entrepreneurship.
upper
May 24, 2022
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John Kennedy
RRepublican
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