HR 7232 · 97th Congress · Commerce
A bill to amend the Small Business Act to reduce the interest rate payable on the share of certain disaster loans made under such act.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to Subcommittee on SBA & SBIC Authority, Minority Enterprise, and General Small Business Problems.(1982-10-08)
Plain Language Summary
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Amends the Small Business Act to reduce from eight percent to five percent the maximum interest rates on Small Business Administration disaster loans to homeowners and businesses unable to obtain credit elsewhere.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
3 Democrats