117th CONGRESS 2d Session |
To adjust collateral requirements under the Small Business Act for disaster loans, and for other purposes.
July 21, 2022
Ms. Velázquez (for herself and Mr. Graves of Louisiana) introduced the following bill; which was referred to the Committee on Small Business
To adjust collateral requirements under the Small Business Act for disaster loans, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Collateral Requirements for Disaster Loans Act”.
SEC. 2. Collateral requirements for disaster loans under the small business act.
(a) Amendment to the rise after disaster act of 2015.—Section 2102 of the RISE After Disaster Act of 2015 (Public Law 114–88) is amended—
(1) by striking subsections (b) and (c); and
(2) by striking “(a) In general.—”.
(b) Effective date.—The amendment made by subsection (a) shall take effect as though enacted as part of the RISE After Disaster Act of 2015.