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S. 3554 - To extend the effective date for the sunset for collateral requirements for Small Business Administration disaster loans.

Sponsor: John Kennedy (R)
Introduced: 2018-10-05
Bill Status: Placed on Senate Legislative Calendar under General Orders. Calendar No. 631.
 
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Full Text


115th CONGRESS
2d Session
S. 3554


    To extend the effective date for the sunset for collateral requirements for Small Business Administration disaster loans.


IN THE SENATE OF THE UNITED STATES

October 5, 2018

    Mr. Kennedy (for himself and Mr. Rubio) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship


A BILL

    To extend the effective date for the sunset for collateral requirements for Small Business Administration disaster loans.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Extension of sunset for collateral requirements for SBA disaster loans.

Section 2102(b) of the RISE After Disaster Act of 2015 (15 U.S.C. 636 note) is amended, in the matter preceding paragraph (1), by striking “3 years” and inserting “4 years”.


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