HR 7589 · 96th Congress · Commerce

A bill to amend the Small Business Act to increase to $110,000 the amount of a borrower's disaster loans eligible for a 3 percent interest rate.

Introduced 1980-06-16· Sponsored by Rep. Roybal, Edward R. [D-CA-25]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Small Business.(1980-06-16)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Small Business Act to increase from $55,000 to $110,000 the amount of a borrower's disaster loans eligible for a three percent interest rate. Stipulates that such provision shall apply to loans made on or after January 1, 1980, with respect to disasters occurring on or after such date.…

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