legislation: 114-hr-2594

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
114-hr-2594 114 hr 2594 Disaster Survivor Benefit Clarification Act of 2015 Emergency Management 2015-06-01 2015-06-02 Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management. House Rep. MacArthur, Thomas [R-NJ-3] NJ R M001193 2 Disaster Survivor Benefit Clarification Act of 2015 Expresses the sense of Congress that disaster loans made by the Small Business Administration (SBA) that carry interest and must be repaid should not be considered the same type of benefit as a grant from the Federal Emergency Management Agency for purposes of calculating duplication of benefits under the Robert T. Stafford Disaster Relief and Emergency Assistance Act. Amends the Stafford Act to provide that an SBA disaster loan made on or after January 1, 2012, shall not be considered financial assistance for purposes of the prohibition on receiving duplicative disaster assistance if: (1) such loan has been repaid in full; or (2) the borrower is making the required payments on time. Deems the borrower of any such loan made by the date of this Act's enactment for which the borrower was not making the required payments on time to be compliant with this Act if, within 60 days, the borrower becomes current on the loan payments. 2023-01-11T13:31:02Z  

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