Disaster Loan Forgiveness Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 8581 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 8581 To amend the Small Business Act to provide for cancellation or repayment for certain Small Business Administration disaster loans, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 31, 2024 Ms. Brownley introduced the following bill; which was referred to the Committee on Small Business _______________________________________________________________________ A BILL To amend the Small Business Act to provide for cancellation or repayment for certain Small Business Administration disaster loans, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Disaster Loan Forgiveness Act''. SEC. 2. CANCELLATION OR REPAYMENT FOR CERTAIN SMALL BUSINESS ADMINISTRATION DISASTER LOANS. Section 7(b) of the Small Business Act (15 U.S.C. 636(b)) is amended-- (1) by redesignating the second paragraph (16) (relating to statu…