HR 540 · 107th Congress · Commerce
Small Business Disaster Assistance Act of 1999
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Small Business.(2001-02-08)
Plain Language Summary
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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