Small Business Disaster Readiness and Reform Act of 2009
Latest action · Nov 9, 2009 Received in the Senate and 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.
- IntroducedOct 7, 2009
- Passed HouseNov 6, 2009
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Small Business Disaster Readiness and Reform Act of 2009 - (Sec. 2) Amends the Small Business Act to prohibit the Administrator of the Small Business Administration (SBA), in making a small business disaster loan of $250,000 or less, from requiring a borrower to use the borrower's home as collateral.
(Sec. 3) Increases the SBA disaster loan limit to $3 million. Prohibits the Administrator from requiring repayment on such loans until 12 months after final disbursement of the approved loan amount.
(Sec. 5) Provides specific disbursement directions for each of the following categories of loans: (1) $150,000 or less; (2) more than $150,000 up to $500,000; and (3) more than $500,000.
(Sec. 6) Authorizes the Administrator to make a disaster assistance grant of up to $100,000 to a small business that: (1) is located in an area affected by a major disaster; (2) certifies its intention to reestablish the business in the same county as originally located; (3) has applied and was rejected for a conventional disaster assistance loan; and (4) was in existence for at least two years before the disaster declaration. Provides a grant priority for small businesses determined to be economically viable but unable to meet short-term financial obligations. Authorizes grants of $100 million for each of FY2010-FY2011 and authorizes appropriations for such grants.
(Sec. 7) Directs the Administrator to develop a disaster preparedness and response plan for each SBA region. Requires each plan to identify the three disasters, natural or manmade, most likely to occur in such region.
(Sec. 8) Authorizes the Administrator to make outreach grants for loan application assistance to the following in areas affected by a disaster: (1) a women's business center; (2) a small business development center; (3) a veterans business outreach center; and (4) a chamber of commerce. Authorizes grants for each of FY2010-FY2011.
(Sec. 9) Authorizes the Administrator to make a loan to any homeowner whose primary residence has been adversely impacted by the installation of toxic drywall manufactured in China. Allows the loan to be used only for the repair or replacement of such drywall.
(Sec. 10) Authorizes appropriations for FY2010-FY2011 for administrative expenses and small business disaster assistance loans.
Cosponsors
Members who signed on, in the order they did.
Actions 13
Everything that happened, newest first.
- Nov 9, 2009Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Nov 6, 2009Considered under suspension of the rules. (consideration: CR H12471-12473)
- Nov 6, 2009DEBATE - The House proceeded with forty minutes of debate on H.R. 3743.
- Nov 6, 2009Motion to reconsider laid on the table Agreed to without objection.
- Nov 6, 2009Ms. Velazquez moved to suspend the rules and pass the bill, as amended.
- Nov 6, 2009On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H12471-12472)
- Nov 6, 2009Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H12471-12472)
- Oct 21, 2009Provisions of Measure Incorporated into H.R. 3854.
- Oct 8, 2009Forwarded by Subcommittee to Full Committee by Voice Vote .
- Oct 8, 2009Subcommittee Consideration and Mark-up Session Held.
- Oct 7, 2009Introduced in House
- Oct 7, 2009Referred to the House Committee on Small Business.
- Oct 7, 2009Referred to the Subcommittee on Finance and Tax.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3854 | Small Business Financing and Investment Act of 2009 | Text similarities | Nov 2, 2009 |
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 3
Each version as it was printed, newest first.
- Nov 9, 2009Referred in Senate
- Nov 6, 2009Engrossed in House
- Oct 7, 2009Introduced in House
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.