Small Business Disaster Damage Fairness Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 9611 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 9611 To increase the minimum disaster loan amount for which the Small Business Administration may require collateral, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES September 16, 2024 Mr. Neguse (for himself and Mr. Obernolte) introduced the following bill; which was referred to the Committee on Small Business _______________________________________________________________________ A BILL To increase the minimum disaster loan amount for which the Small Business Administration may require collateral, 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 ``Small Business Disaster Damage Fairness Act of 2024''. SEC. 2. COLLATERAL REQUIREMENTS FOR DISASTER LOANS. Section 7(d)(6) of the Small Business Act (15 U.S.C. 636(d)(6)) is amended, in the third proviso-- (1) by striking ``$14,000'' and inserting ``$50,000''; …