S. 943 · 118th Congress
Small Business Disaster Damage Fairness Act of 2023
- Stage
- Reported from committee
- Sponsor
- John Kennedy
- Introduced
- 2023-03-22
- Latest action
- 2023-07-25 · Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with an amendment in the nature of a substitute. Without written report.
Summary
Small Business Disaster Damage Fairness Act of 2023
This bill increases from $14,000 to $25,000 the threshold loan amount over which the Small Business Administration may require collateral for a disaster loan.
The Government Accountability Office must report on the performance, including the default rate, of such loans.