H.R. 3207 · 117th Congress
PREPARE Act
- Stage
- In committee
- Sponsor
- Joseph Morelle
- Introduced
- 2021-05-13
- Latest action
- 2021-05-13 · Introduced in House
Summary
Providing Resources for Emergency Preparedness And Resilient Enterprises Act or the PREPARE Act
This bill reauthorizes through FY2026 a pre-disaster mitigation program, administered by the Small Business Administration, for disbursing economic injury disaster loans to small businesses for protection of real estate, equipment, inventory, supplies, and materials. The bill also increases the amount for loans to take mitigating actions to protect damaged or destroyed property from possible future disasters.