UPDATE: S.862 – Rebuilding Small Businesses After Disasters Act

LATEST ACTION: November 22, 2019 - Became Public Law No: 116-70.

BILL TITLE: Rebuilding Small Businesses After Disasters Act

BILL SUMMARY:

This bill makes permanent the increased threshold for the minimum major-disaster loan amount for which the Small Business Administration may require collateral.

[NOTE: The contents of this legislative update are current as of 06:00 AM on November 25, 2019.]

BILL NUMBER: 116th Congress: Senate Bill 862 (S.862)

CHAMBER OF ORIGIN: U.S. Senate

CURRENT CHAMBER: U.S. House of Representatives

For DETAILED LEGISLATIVE INFORMATION on S.862, visit: https://www.congress.gov/bill/116th-congress/senate-bill/862

BILL TEXT: https://www.congress.gov/bill/116th-congress/senate-bill/862/text

ACTIONS-TO-DATE (ordered by most recent first):

11/21/2019 -- House -- Presented to President.

11/20/2019 -- House -- Motion to reconsider laid on the table Agreed to without objection.

11/20/2019 -- House -- On passage Passed without objection. (text: CR H9102)

11/20/2019 -- House -- Considered by unanimous consent. (consideration: CR H9101-9102)

11/20/2019 -- House -- Ms. Craig asked unanimous consent to take from the Speaker's table and consider.

08/02/2019 -- House -- Held at the desk.

08/02/2019 -- House -- Received in the House.

08/01/2019 -- Senate -- Message on Senate action sent to the House.

08/01/2019 -- Senate -- Passed Senate with an amendment and an amendment to the Title by Voice Vote.

08/01/2019 -- Senate -- Measure laid before Senate by unanimous consent. (consideration: CR S5320-5321)

06/19/2019 -- Senate -- Committee on Small Business and Entrepreneurship. Hearings held.

04/03/2019 -- Senate -- Placed on Senate Legislative Calendar under General Orders. Calendar No. 54.

04/03/2019 -- Senate -- Committee on Small Business and Entrepreneurship. Reported by Senator Rubio without amendment. Without written report.

03/27/2019 -- Senate -- Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.

03/25/2019 -- Senate -- Read twice and referred to the Committee on Small Business and Entrepreneurship.

03/25/2019 -- Senate -- Introduced in Senate.

SPONSOR(S)*:

-- Sen. Kennedy, John [R-LA]

CO-SPONSOR(S)*:

[*Note: Sponsors and co-sponsors are current as of November 22, 2019. For the most up-to-date version of the sponsor and co-sponsor lists, visit: https://www.congress.gov/bill/116th-congress/senate-bill/862/cosponsors ]

-- Sen. Booker, Cory A. [D-NJ]

-- Sen. Rubio, Marco [R-FL]

-- Sen. Hawley, Josh [R-MO]

COMMITTEES: Senate Small Business and Entrepreneurship Committee.

SUBJECTS: Disaster relief and insurance, Government lending and loan guarantees, Small business.