Search Results for keywords:"disaster recovery loans"

Search Results: keywords:"disaster recovery loans"

H. R. 9611 — To increase the minimum disaster loan amount for which the Small Business Administration may require collateral, and for other purposes.
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September 16, 2024
Status:Introduced in House
Congress:118
Words:361
H. R. 9611, titled the “Small Business Disaster Damage Fairness Act of 2024,” aims to change the rules for disaster loans provided by the Small Business Administration (SBA). It raises the minimum loan amount from $14,000 to $50,000 before the SBA can require collateral....
Simple Explanation
The Small Business Disaster Damage Fairness Act of 2024 wants to let small businesses borrow up to $50,000 without needing to promise any valuable items as backup, instead of $14,000 like before. It also plans to study how this change affects small businesses and the money they pay back to see if it's working well.
H. R. 2672 — An Act To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to provide for the authority to reimburse local governments or electric cooperatives for interest expenses, and for other purposes.
December 10, 2024
Status:Referred in Senate
Congress:118
Words:546
H. R. 2672, also known as the “FEMA Loan Interest Payment Relief Act,” aims to amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to allow the federal government to reimburse local governments and electric cooperatives for interest expenses on certain...
Simple Explanation
The "FEMA Loan Interest Payment Relief Act" is a plan to help towns and power groups by paying back the money they spent on interest for loans used to fix things after storms or disasters. This helps them save money when they're trying to make everything better again.

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