HR 4980 · 100th Congress · Commerce

A bill to authorize Small Business Administration disaster assistance to concerns affected by the 1988 drought, and for other purposes.

Introduced 1988-07-06· Sponsored by Rep. Smith, Neal Edward [D-IA-4]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on SBA, and the General Economy.(1988-10-14)

Plain Language Summary

[AI summary unavailable — showing source text] Directs the Small Business Administration to make disaster loans available to businesses and agricultural concerns located in areas affected by the 1988 drought that the President or the Secretary of Agriculture has declared to be disaster areas. Prescribes special rules to govern the loans, including a provision mandating that the loan's maturity be determined solely by the borrower's ability to repay the loan from earnings.…

Summarized by Claude AI · Non-partisan · For informational purposes only