Public Law 115-280: A bill to extend the effective date for the sunset for collateral requirements for Small Business Administration disaster loans.

By | April 24, 2019
Seal of the United States Small Business Administration (SBA)
Seal of the United States Small Business Administration (SBA).

Extends modifications to SBA major disaster loan programs.

Official Summary

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.

Passed House
2018-11-16
Passed Senate
2018-11-15
Signed by President
2018-11-29
Became Public Law
2018-11-29

Amendments

None.

Sponsors

Original sponsor: Sen. Kennedy, John [R-LA]

Cosponsors: Sen. Rubio, Marco [R-FL], Sen. Booker, Cory A. [D-NJ]

Votes

Passed House without objection.

Passed Senate by unanimous consent.

 

Related bill:  HR 6826 (Did not pass the House)

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