H.R.6296: Disaster Loan Fairness Act of 2012

About This Bill

Bill Sponsor

Bill Summary

Disaster Loan Fairness Act of 2012 - Amends the Small Business Act to provide the interest rate to be charged by the Small Business Administration (SBA) for loans made to small businesses beginning on January 1, 2011, and ending four years after the date of enactment of this Act in major disaster areas. Requires such rate to be the lesser of 4% or one-half the prevailing rate for similar loans in the area for those unable to attain credit...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Small Business.
Mr. Barletta moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules.
DEBATE - The House proceeded with forty minutes of debate on H.R. 6296.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate.
Aug. 2, 2012

Introduced in the House by Lou Barletta (R-Pa.)

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