Small Business Disaster Assistance Act of 2001
Last action on Feb 27, 2001Referred to the House Committee on Small Business.
Take Action
Summary
The Small Business Disaster Assistance Act of 2001 would authorize the Small Business Administration to provide financial support to small businesses and farms struggling to reopen after a natural or other disaster. This assistance would include grants of up to $30,000 and direct or guaranteed loans to help cover the costs of getting back into operation. Additionally, the bill would require businesses located in high-risk flood areas to carry flood insurance as a condition for receiving these funds.
AI-generated summary
Lifecycle of the Bill
No events recorded for this stage yet.
