HR 1988 · 110th Congress · Emergency Management
To establish the Gulf Coast Disaster Loan Refinancing Program.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Small Business.(2007-04-20)
Plain Language Summary
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Authorizes the Administrator of the Small Business Administration (SBA) to carry out a program to refinance Gulf Coast disaster loans (loans made by the SBA to Gulf Coast small businesses in response to Hurricanes Katrina, Wilma, or Rita) under which the Administrator may provide an option to defer loan repayment for up to four years after the initial disbursement under the original loan was made. Requires the Administrator to disclose the accrued interest that must be paid under the option.…
Summarized by Claude AI · Non-partisan · For informational purposes only