HR 4148 · 115th Congress · Commerce

Small Business Disaster Relief Act of 2017

Introduced 2017-10-26· Sponsored by Rep. Thompson, Mike [D-CA-5]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.(2017-11-16)

Plain Language Summary

[AI summary unavailable — showing source text] Small Business Disaster Relief Act of 2017 This bill amends the Small Business Act to authorize the Small Business Administration (SBA) to exceed the $100,000 limit on small business development center assistance grants to accommodate extraordinary occurrences having a catastrophic impact on small business concerns in a community. The bill amends the Disaster Relief Act of 1970 to permit: (1) the use of SBA and Farm Service Agency (formerly, Farmers Home Administration) loans for enterprises that are vital to recovery efforts in a disaster area (including debris removal services, manufactured housing, gasoline, telecommunications, or building materials); and (2) such loans to waive any required evaluation of creditworthiness in exchange for a fee set by the SBA or the Farm Service Agency.…

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

Cosponsors (8)

5 Democrats3 Republicans