Small Business Drought Relief Act

Fact Sheet API

Bill Number

HR 5197

Introduced

Jul 24, 2002

Latest Action

Referred to the House Committee on Small Business.

Sponsor

Cosponsors

Topics

Agricultural credit Agriculture and Food Commerce Disaster loans Droughts Economics and Public Finance Emergency Management Farm income Federal-state relations Finance and Financial Sector Government lending Government Operations and Politics Government paperwork Small business Water Resources Development

Full Text

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Votes

Summary

Small Business Drought Relief Act - Amends the Small Business Act to include drought within the definition of "disaster" for purposes of disaster loans provided to small businesses through the Small Business Administration (SBA). Authorizes such loan assistance for farm- and nonfarm-related small businesses affected by droughts.

Requires the SBA to respond in writing to a State governor regarding its determination concerning the provision of disaster loan assistance within 30 days after receiving such governor's certification that small businesses in that State have suffered economic injury as a result of a disaster.

Actions

Jul 24, 2002

Referred to the House Committee on Small Business.
Jul 24, 2002

Introduced in House

Amendments

Related Bills