A bill to clarify the collateral requirement for certain loans under section 7(d) of the Small Business Act, and for other purposes.
Latest action · Dec 13, 2012 Committee on Small Business and Entrepreneurship. Hearings held.
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.
- IntroducedDec 12, 2012
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Small Business Act to prohibit the Administrator of the Small Business Administration (SBA), in obtaining the best available collateral for a disaster loan of not more than $200,000 relating to damage to or destruction of property or economic injury to a small business, from requiring the small business owner to use his or her primary residence as collateral if the Administrator determines that the owner has other assets with a value equal to or greater than the loan amount that could be used as collateral.
Cosponsors
Members who signed on, in the order they did.
Actions 3
Everything that happened, newest first.
- Dec 13, 2012Committee on Small Business and Entrepreneurship. Hearings held.
- Dec 12, 2012Introduced in Senate
- Dec 12, 2012Read twice and referred to the Committee on Small Business and Entrepreneurship.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3681 | A bill to clarify the collateral requirement for certain loans under section 7(d) of the Small Business Act, and for other purposes. | Identical bill | Dec 13, 2012 |
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 1
Each version as it was printed, newest first.
- Dec 12, 2012Introduced 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.