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Bill > HR8482


US HR8482

US HR8482
Collateral Requirements for Disaster Loans Act


summary

Introduced
07/21/2022
In Committee
07/21/2022
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To adjust collateral requirements under the Small Business Act for disaster loans, and for other purposes.

AI Summary

This bill, the Collateral Requirements for Disaster Loans Act, seeks to adjust the collateral requirements for disaster loans under the Small Business Act. Specifically, it amends the RISE After Disaster Act of 2015 by striking the provisions that allowed the Small Business Administration (SBA) to waive or reduce collateral requirements for certain disaster loans. This change would reinstate the standard collateral requirements for these loans, which may have previously been waived or reduced in certain situations.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Referred to the House Committee on Small Business. (on 07/21/2022)

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