Summary: S.3776 — 94th Congress (1975-1976)All Information (Except Text)

There is one summary for S.3776. Bill summaries are authored by CRS.

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Introduced in Senate (08/27/1976)

Amends the Disaster Relief Act of 1974 to provide that the Administrator of the Small Business Administration or the Secretary of Agriculture shall cancel the outstanding principal, not in excess of $2,500, of any loan made with respect to a disaster occurring on or after September 24, 1975, but prior to September 27, 1975. Sets the interest rate at three percent per annum on any unpaid and uncanceled balance of such loan.