HR 4397 · 102th Congress · Commerce

Bank Fraud Disaster Loan Act of 1992

Introduced 1992-03-05· Sponsored by Rep. Campbell, Tom [R-CA-12]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on SBA, the General Economy, and Minority Enterprise Development.(1992-03-06)

Plain Language Summary

[AI summary unavailable — showing source text] Bank Fraud Disaster Loan Act of 1992 - Authorizes the Administrator of the Small Business Administration to make a direct loan to any person who shows prima facie evidence of suffering economic injury attributable to bank fraud. Makes the Disaster Loan Fund the sole source of such loans. Authorizes the deposit of specified amounts into the Disaster Loan Fund from fines collected for specified bank fraud offenses. Amends the Small Business Act and the Victims of Crime Act to reflect the provisions of this Act.…

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