All Information (Except Text) for S.1853 - Small Business Disaster Relief Act of 2017115th Congress (2017-2018)
|Sponsor:||Sen. Nelson, Bill [D-FL] (Introduced 09/25/2017)|
|Committees:||Senate - Small Business and Entrepreneurship|
|Latest Action:||Senate - 09/25/2017 Read twice and referred to the Committee on Small Business and Entrepreneurship. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|09/25/2017||Introduced in Senate|
09/25/2017 Introduced in Senate
All Actions (1)
|09/25/2017||Read twice and referred to the Committee on Small Business and Entrepreneurship.|
Action By: Senate
09/25/2017 Read twice and referred to the Committee on Small Business and Entrepreneurship.
|Sen. Rubio, Marco [R-FL]*||09/25/2017|
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Small Business and Entrepreneurship||09/25/2017||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Introduced in Senate (09/25/2017)
Small Business Disaster Relief Act of 2017
This bill amends the Small Business Act to authorize the Small Business Administration (SBA) to exceed the $100,000 limit on small business development center assistance grants to accommodate extraordinary occurrences having a catastrophic impact on small business concerns in a community.
The bill amends the Disaster Relief Act of 1970 to permit: (1) the use of SBA and Farm Service Agency (formerly, Farmers Home Administration) loans for enterprises that are vital to recovery efforts in a disaster area (including debris removal services, manufactured housing, gasoline, telecommunications, or building materials); and (2) such loans to waive any required evaluation of creditworthiness in exchange for a fee set by the SBA or the Farm Service Agency.