Extends modifications to SBA major disaster loan programs.
This bill amends the RISE After Disaster Act of 2015 to extend by one year the increased threshold for the minimum major-disaster loan amount for which the Small Business Administration may require collateral.
Original sponsor: Sen. Kennedy, John [R-LA]
Passed House without objection.
Passed Senate by unanimous consent.
Related bill: HR 6826 (Did not pass the House)