HR 1236 · 96th Congress · Commerce
A bill to amend the Small Business Act to limit to 3 per centum the rate of interest on disaster relief loans made under such Act with respect to any disaster occurring on or after October 1, 1978.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Small Business.(1979-01-22)
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