HR 6892 · 95th Congress · Commerce

A bill to amend the Small Business Act to limit to three percent the rate of interest on disaster relief loans made under such act with respect to any major disaster declared during calendar year 1977.

Introduced 1977-05-04· Sponsored by Rep. Carter, Tim Lee [R-KY-5]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Small Business.(1977-05-04)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Small Business Act to limit to three percent the rate of interest on the Small Business Administration's share of disaster relief loans made to business affected by: (1) catastrophes such as floods, riots, or civil disorders; (2) disasters, as defined by specified laws; or (3) disease or toxicity introduced into products intended for human consumption.…

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