3.0.0 3664 2023-01-12T17:52:29Z 2023-01-12T17:52:29Z Senate S S 2006-07-14 109 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2006-07-14T15:15:30Z 2006-07-14 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S7557-7560) IntroReferral 2006-07-14 Sponsor introductory remarks on measure. (CR S7556-7557) IntroReferral B00100 9 Library of Congress 2006-07-14 Introduced in Senate IntroReferral 10000 9 Library of Congress L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA N K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES 2006-07-14 True B001233 Sen. Bayh, Evan [D-IN] EVAN BAYH D IN 2006-07-14 True P000590 Sen. Pryor, Mark L. [D-AR] Mark Pryor D AR Lunsford 2006-07-14 True Commerce Accounting Congress Congressional investigations Congressional reporting requirements Disaster loans Economics and Public Finance Emergency Management Executive reorganization Federal officials Federally-guaranteed loans Finance and Financial Sector Government Operations and Politics Government lending Grants-in-aid Hurricane aftermath legislation Loan defaults Nonprofit organizations Planning Small Business Administration Small business Social Welfare Commerce 00 2006-07-14 Introduced in Senate 2006-10-12T21:16:00Z Small Business Disaster Recovery Assistance Improvements Act of 2006 - Amends the Small Business Act to direct the Administrator of the Small Business Administration (SBA) to make both emergency bridge loans and business recovery grants to a qualified small business concern after major disasters, and to provide assistance until the concern is able to obtain funding through insurance claims, other federal assistance programs, or other sources.

Authorizes the Administrator to: (1) guarantee loans made under an approved State Bridge Loan Program; and (2) make loans under expedited procedures that include loss verification and loan processing.

Sets forth maximum disaster loan amounts.

Doubles the minimum size of loans for which collateral must be required.

Directs the Administrator to hire a full-time disaster planning specialist in the Office of Disaster Assistance.

Provides for economic injury disaster loans to private non-profit organizations.

Authorizes the Administrator, in the event of a major disaster, to waive the maximum $100,000 amount for small business development center portability grants. Makes such grants available for small business development centers assisting small business concerns adversely affected by the disaster.

Directs the Administrator to authorize a small business development center, regardless of location, to provide advice, information, and assistance to a small business concern located in a major disaster area.

]]> Small Business Disaster Recovery Assistance Improvements Act of 2006 Display Title Small Business Disaster Recovery Assistance Improvements Act of 2006 Official Title as Introduced A bill to amend the Small Business Act to improve assistance after a major disaster, to authorize emergency bridge loans, bridge loan guarantees, and recovery grants, and for other purposes. Introduced in Senate IS Short Titles as Introduced Small Business Disaster Recovery Assistance Improvements Act of 2006 Introduced in Senate 2006-07-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s3664is/xml/BILLS-109s3664is.xml 2006-07-14 Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S7557-7560) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.