S. 4299 · 117th Congress
A bill to repeal the sunset for collateral requirements for Small Business Administration disaster loans.
- Stage
- In committee
- Sponsor
- John Kennedy
- Introduced
- 2022-05-24
- Latest action
- 2022-05-24 · Introduced in Senate
Summary
This bill makes permanent the increase from $14,000 to $25,000 the minimum disaster loan amount for which the Small Business Administration may require collateral. Under current law, this increase is set to expire on November 25, 2022.