S 3012 · 97th Congress · Commerce

A bill to amend the Small Business Act to reduce the interest rate payable on the Federal share of certain disaster loans made under such Act.

Introduced 1982-10-01· Sponsored by Sen. Sasser, Jim [D-TN]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Small Business.(1982-10-01)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Small Business Act to reduce from eight percent to five percent the maximum interest rate 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