HR 3044 · 104th Congress · Commerce
Parks and Refuges Small Business Fairness Act of 1996
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Small Business.(1996-03-07)
Plain Language Summary
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Parks and Refuges Small Business Fairness Act of 1996 - Amends the Small Business Act to authorize the provision of disaster assistance loans under such Act to assist any small business that: (1) has a concessions contract or incidental business license to operate within a unit of the National Park System or Wildlife Refuge System; and (2) has suffered substantial economic injury as a result of a partial Federal Government shutdown during the period beginning December 15, 1995, and ending January 5, 1996. Prohibits such loans if the applicant can obtain credit elsewhere. Limits each loan to $100,000. Authorizes the Small Business Administration to permit deferral of principal and interest payments on such loans for a one-year period. Prohibits the loan interest rate from exceeding four percent.…
Summarized by Claude AI · Non-partisan · For informational purposes only