Disaster Loan Fairness Act of 2011
Latest action · Sep 23, 2011 Referred to the House Committee on Small Business.
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.
- IntroducedSep 23, 2011
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Disaster Loan Fairness Act of 2011 - Requires that, when the President declares a major disaster, the interest rates for any loan programs or guarantees under the Small Business Act or Small Business Investment Act of 1958, including home disaster loans, business physical disaster loans, and economic injury disaster loans, shall be 1% for eligible applicants in the declared disaster area, with or without other available credit.
Makes such rates applicable for the duration of all loans and guarantees made while the declaration is in effect.
Cosponsors 26
Members who signed on, in the order they did. Signatures ran from Sep 23, 2011 to Jun 1, 2012; 8 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-AK | Don Young | Original | Sep 23, 2011 |
| R-PA | Joseph R. Pitts | Original | Sep 23, 2011 |
| R-PA | Michael G. Fitzpatrick | Original | Sep 23, 2011 |
| R-PA | Mike Kelly | Original | Sep 23, 2011 |
| D-VT | Peter Welch | Original | Sep 23, 2011 |
| D-PA | Tim Holden | Original | Sep 23, 2011 |
| R-PA | Todd Russell Platts | Original | Sep 23, 2011 |
| R-PA | Tom Marino | Original | Sep 23, 2011 |
| R-PA | Glenn Thompson | Oct 24, 2011 | |
| R-NY | Michael G. Grimm | Oct 24, 2011 | |
| D-NY | Paul Tonko | Nov 1, 2011 | |
| R-PA | Bill Shuster | Nov 30, 2011 | |
| R-MD | Roscoe G. Bartlett | Nov 30, 2011 | |
| D-NY | William L. Owens | Nov 30, 2011 | |
| R-PA | Jim Gerlach | Dec 1, 2011 | |
| D-NY | Maurice D. Hinchey | Dec 1, 2011 | |
| R-FL | David Rivera | Dec 12, 2011 | |
| D-FL | Frederica S. Wilson | Dec 12, 2011 | |
| D-PA | Mark S. Critz | Dec 12, 2011 | |
| R-PA | Patrick Meehan | Dec 12, 2011 | |
| R-TX | Ralph M. Hall | Dec 12, 2011 | |
| R-CA | Duncan Hunter | Dec 20, 2011 | |
| R-IL | Robert T. Schilling | Dec 30, 2011 | |
| R-NC | Renee L. Ellmers | Feb 3, 2012 | |
| D-CA | Janice Hahn | Jun 1, 2012 | |
| D-CA | Judy Chu | Jun 1, 2012 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Small Business Committee | Referred Sep 23, 2011 |
Actions 2
Everything that happened, newest first.
- Sep 23, 2011Introduced in House
- Sep 23, 2011Referred to the House Committee on Small Business.
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 |
|---|---|---|---|
| Extensions | Debate and remarks E1544 | Lou Barletta R-PA | Sep 14, 2012 |
| House | Debate and remarks H6549 | Lou Barletta R-PA | Oct 4, 2011 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H6456.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 112-055 | EXAMINING THE ROLE OF GOVERNMENT ASSISTANCE FOR DISASTER VICTIMS: A REVIEW OF H.R. 304257 pages | Small Business Committee | Feb 16, 2012 |
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R46963 | SBA Disaster Loan Interest Rates: Overview and Policy Options | Report | Mar 2, 2026 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To provide for low interest loans for small businesses in major disaster areas, and for other purposes.
- Short Titles as Introduced
- Disaster Loan Fairness Act of 2011
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 1
Each version as it was printed, newest first.
- Sep 23, 2011Introduced 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
