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.

Introduced 1979-01-22· Sponsored by Rep. Perkins, Carl Dewey [D-KY-7]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: 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