A bill to repeal the sunset for collateral requirements for Small Business Administration disaster loans.
Active· Read twice and referred to the Committee on Small Business and Entrepreneurship.
Introduced
May 24, 22
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending
Introduced
May 24, 22
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending
Executive Summary
This bill makes permanent the increase from $14,000 to $25,000 the minimum disaster loan amount for which the Small Business Administration may require collateral. Under current law, this increase is set to expire on November 25, 2022.