To amend the Small Business Act to waive the accrual of interest and payments for certain disaster loans for a year, and for other purposes.
See how your representatives voted on this bill.
DeepSyte matches this bill to the issues you care about and shows whether your reps' votes line up — not party, not press releases. Take the 2-minute values quiz to see your alignment.
Alignment with your views
Sign in and take the values quiz to see how this bill lines up with what you've said.
Summary
This bill amends the Small Business Act to waive interest accrual and defer principal payments for Small Business Administration disaster loans for a 12-month period following disbursement. The waiver applies to loans made for disasters declared on or after the bill's enactment date, setting the interest rate to zero percent and suspending payment obligations during the first year.
Values analysis
Sign in and take the values quiz to get a personalized read on how this bill lines up with your positions.
How your representatives voted
Sign in to see how your representatives voted on this bill.