HR 540 · 107th Congress · Commerce

Small Business Disaster Assistance Act of 1999

Introduced 2001-02-08· Sponsored by Rep. Kelly, Sue W. [R-NY-19]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Small Business.(2001-02-08)

Plain Language Summary

[AI summary unavailable — showing source text] Small Business Disaster Assistance Act of 1999 (sic) - Authorizes the Small Business Administration (SBA) to make grants to small businesses and agricultural enterprises following a natural or other disaster to assist such entities in reopening for business. Limits such grants to $30,000 per entity. Authorizes the SBA to make loans, either directly or through banks or other lending institutions, to small businesses following a natural or other disaster to assist such businesses in reopening. Outlines loan requirements, including requiring businesses operating in flood-prone areas to carry flood insurance.…

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