Patriot Loan Act of 2006
Latest action · May 25, 2006 Read twice and referred to the Committee on Small Business and Entrepreneurship.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 25, 2006
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Patriot Loan Act of 2006 - Amends the Small Business Act to increase from $1.5 million to $2 million the loan limit that may be made to a small businesses that has suffered or is likely to suffer substantial economic injury as a result of an essential employee being ordered to active military duty during a period of military conflict. Limits to $25,000 any such loan that is made without collateral.
Directs the Administrator of the Small Business Administration (SBA) and the Secretary of Defense to: (1) develop a joint website and printed material providing information on such loan program; and (2) conduct a joint study on the feasibility of creating a business mobilization and interruption insurance program and a debt insurance program for mobilized Guard and reserve personnel who own or operate small businesses.
Cosponsors 2
Members who signed on, in the order they did. Signatures ran from May 25, 2006 to Jun 12, 2006; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-ID | Larry E. Craig | Original | May 25, 2006 |
| R-MO | Jim Talent | Jun 12, 2006 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Small Business and Entrepreneurship Committee | Referred May 25, 2006 |
Actions 3
Everything that happened, newest first.
- May 25, 2006Introduced in Senate
- May 25, 2006Sponsor introductory remarks on measure. (CR S5242)
- May 25, 2006Read twice and referred to the Committee on Small Business and Entrepreneurship.
In the Congressional Record 2
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S5331 | Larry E. Craig R-ID | May 26, 2006 |
| Senate | Debate and remarks S5242 | Olympia J. Snowe R-ME | May 25, 2006 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Small Business Act to improve loans for members of the Guard and Reserve, and for other purposes.
- Short Titles as Introduced
- Patriot Loan Act of 2006
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
- Armed Forces and National Security
- Armed forces reserves
- Business insurance
- Commerce
- Congress
- Congressional reporting requirements
- Credit unions
- Disaster loans
- Economics and Public Finance
- Emergency Management
- Finance and Financial Sector
- Government lending
- Government Operations and Politics
- Government publicity
- Governmental investigations
- National Guard
- Small business
Text 1
Each version as it was printed, newest first.
- May 25, 2006Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.