Congress 107 - HR 3073 - American Small Business Emergency Relief and Recovery Act of 2001

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Accounting Agriculture and Food Air piracy Airports Armed Forces and National Security Arts, Culture, Religion Authorization Bankruptcy Bombings Clothing industry Commerce Commercial aircraft Congress Congressional oversight Congressional reporting requirements Contractors Crime and Law Enforcement Department of Defense Disaster loans Disaster relief Dislocated workers EBB Terrorism Economic impact statements Economics and Public Finance Emergency Management Federal installations Federal office buildings Federally-guaranteed loans Fees Finance and Financial Sector Food industry Government and business Government lending Government Operations and Politics Governmental investigations Hotels, motels, etc. Interest Interest rates International Affairs Labor and Employment Law firms Layoffs New York City Office buildings Pennsylvania Performing arts Restaurants Retail trade September 11, 2001 Service industries Small business Small Business Administration Storage Terrorism Tourism Transportation and Public Works Unemployment Virginia

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Summary

American Small Business Emergency Relief and Recovery Act of 2001-Amends the Small Business Act to authorize the Small Business Administration (SBA) to make disaster loans to a small business concern that has been directly affected and suffered or is likely to suffer substantial economic injury as the direct result of the terrorist attacks of September 11, 2001, including injury due to closure or suspension of its business for national security purposes by the Federal Government.

Authorizes the SBA, during the year after enactment of this Act, to make loans to small business concerns that have suffered or are likely to suffer economic harm to or disruption of operations as a result such attacks. Waives guarantee fees and increases the guarantee percentage on such loans for one year after the enactment of this Act.

Amends the Small Business Investment Act of 1958 to: (1) waive development company debenture guarantee loan fees for financings made after enactment of this Act for one year; and (2) authorize small business investment companies to issue leverage to assist small business concerns adversely impacted by the terrorist attacks.

Directs the Office of Advocacy of the SBA to conduct annual studies on the impact of the events of September 11, 2001, on small business concerns, and the effects of assistance provided under this Act.

Actions

Oct 10, 2001

Referred to the House Committee on Small Business.
Oct 10, 2001

Introduced in House

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