H.R. 3930 · 115th Congress
Hurricane Harvey Small Business Recovery Grants Act
- Stage
- In committee
- Sponsor
- Sheila Jackson Lee
- Introduced
- 2017-10-03
- Latest action
- 2017-10-04 · Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Summary
Hurricane Harvey Small Business Recovery Grants Act
This bill establishes within the Small Business Administration (SBA) the Office of Hurricane Harvey Small Business Recovery Grants to compensate small businesses, located in a qualified disaster area, for substantial economic injury they suffered resulting from Hurricane Harvey beginning August 25, 2017, and ending August 25, 2018. This compensation (1) excludes interest on the amount of the payment before the settlement or payment of a claim or any punitive or noncompensatory damages; and (2) is limited to $100,000, except in cases where the SBA determines that a greater amount up to $250,000 is appropriate.