S 1709 · 112th Congress 2011–2013, ended

Small Business Disaster Assistance Act of 2011

Fact sheet

Latest action · Oct 13, 2011 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.

  1. IntroducedOct 13, 2011
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Small Business Disaster Assistance Act of 2011 - Reduces temporarily, through September 30, 2014, the interest rate on the federal share of certain Small Business Administration (SBA) disaster loans (to repair, rehabilitate, replace, or refinance property damaged or destroyed by or as a result of a natural or other disaster) made to businesses on or after August 26, 2011. Sets forth temporary rates of: (1) 1% per year, in the case of a business concern unable to obtain credit elsewhere; and (2) 3% per year, in the case of a business concern able to obtain credit elsewhere.

Cosponsors 1

Members who signed on, in the order they did. All signed on Dec 19, 2012.

SeatCosponsorSigned on
D-NYKirsten E. GillibrandDec 19, 2012

Actions 2

Everything that happened, newest first.

  1. Oct 13, 2011Introduced in Senate
  2. Oct 13, 2011Read twice and referred to the Committee on Small Business and Entrepreneurship.

Subjects

Assigned by the Library of Congress. Policy area: Commerce.

Text 1

Each version as it was printed, newest first.

  1. Oct 13, 2011Introduced in Senate

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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.