HR 2842 · 95th Congress · Commerce

A bill to amend the Small Business Act and the Consolidated Farm and Rural Development Act to provide for reduced interest rates on disaster loans under the Small Business Act.

Introduced 1977-02-01· Sponsored by Rep. Meeds, Lloyd [D-WA-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Small Business.(1977-02-01)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Small Business Act and the Consolidated Farm and Rural Development Act to provide for reduced interest rates on disaster loans. Provides that the total amount of time the payment of principal and interest so deferred shall not exceed one year, and the interest on the balance of the loan shall be at a rate of five percent per annum.…

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