legislation: 97-hr-7070

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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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
97-hr-7070 97 hr 7070 A bill to amend the Small Business Act to restore the authority to make loans for economic dislocation and to clarify that such dislocations include foreign currency devaluations. Commerce 1982-09-08 1982-09-29 Subcommittee Hearings Held. House Rep. Udall, Morris K. [D-AZ-2] AZ D U000001 0 Amends the Small Business Act to authorize the Small Business Administration (SBA) to make loans to small businesses in areas of economic dislocation. Provides that economic dislocation includes: (1) extraordinary, severe, and temporary natural conditions; (2) foreign currency devaluations; and (3) other economic dislocations determined by the SBA. Requires that such economic dislocation be of such magnitude that without the benefit of the loans under this Act a significant number of otherwise financially sound small businesses in those areas would become insolvent or would be unable to return quickly to their former level of operation. Limits each loan to a maximum of $100,000. Prohibits loan proceeds from being used to reduce other loans. Permits the deferral of loan repayment for one year. 2024-02-07T15:46:26Z  

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