Disaster Loan Fairness Act of 2012

3.0.0 6296 2022-03-02T05:47:18Z 2022-03-02T05:47:18Z House H HR 2012-08-02 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BARLETTA:H.R. 6296.Congress has the power to enact this legislation pursuantto the following:This bill makes changes to existing law relating to``Article 1 Section 8 of the U.S. Constitution Clause 18.''[Page H5709]]]> hssm00 Small Business Committee House Standing Referred to 2012-08-02T13:03:00Z 2012-09-20 Senate Received in the Senate. IntroReferral 2012-09-19 18:17:28 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2012-09-19 18:17:25 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6115-6116) Floor H37300 2 House floor actions 2012-09-19 18:17:25 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H6115-6116) Floor 8000 9 Library of Congress 2012-09-19 17:57:54 DEBATE - The House proceeded with forty minutes of debate on H.R. 6296. Floor H8D000 2 House floor actions 2012-09-19 17:57:52 Considered under suspension of the rules. (consideration: CR H6115-6118) Floor H30000 2 House floor actions 2012-09-19 17:57:30 Mr. Barletta moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2012-08-02 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2012-08-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-08-02 Introduced in House IntroReferral 1000 9 Library of Congress B001269 Rep. Barletta, Lou [R-PA-11] Lou Barletta R PA 11 N H001063 Rep. Hahn, Janice [D-CA-36] Janice Hahn D CA 36 2012-08-02 True H000712 Rep. Holden, Tim [D-PA-17] TIM HOLDEN D PA 17 2012-08-02 True C001080 Rep. Chu, Judy [D-CA-32] Judy Chu D CA 32 2012-08-02 True F000451 Rep. Fitzpatrick, Michael G. [R-PA-8] Michael Fitzpatrick R PA G. 8 2012-09-19 False Commerce Congressional oversight Disaster relief and insurance Elections, voting, political campaign regulation Government lending and loan guarantees Interest, dividends, interest rates Political parties and affiliation Small business Commerce

00 2012-08-02 Introduced in House 2012-09-19T15:58:12Z 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 elsewhere, or three-fourths the prevailing rate for those able to attain credit elsewhere. Requires the SBA Administrator to refund excess interest payments made by qualifying borrowers before the enactment of this Act.

Directs the Administrator to report to Congress on whether the reduced rate has resulted in: (1) a greater number of applications for disaster-related loans, (2) a greater number of approvals for such loans, or (3) a decreased default rate.

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36 2012-09-19 Passed House amended 2012-10-05T22:17:07Z 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 elsewhere, or three-fourths the prevailing rate for those able to attain credit elsewhere. Requires the SBA Administrator to refund excess interest payments made by qualifying borrowers before the enactment of this Act.

Amends the Internal Revenue Code to prohibit the Secretary of the Treasury, with respect to any presidential election held after 2012, from making any payments from the Presidential Election Campaign Fund (Fund) to any national committee of a political party for political nominating conventions.

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Disaster Loan Fairness Act of 2012 Short Titles as Introduced Disaster Loan Fairness Act of 2012 Short Titles as Passed House Disaster Loan Fairness Act of 2012 H House Official Title as Introduced To amend the Small Business Act to provide the interest rate for certain disaster related loans, and for other purposes. Display Title Disaster Loan Fairness Act of 2012 Received in Senate 2012-09-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr6296rds/xml/BILLS-112hr6296rds.xml Engrossed in House 2012-09-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr6296eh/xml/BILLS-112hr6296eh.xml Introduced in House 2012-08-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr6296ih/xml/BILLS-112hr6296ih.xml 2012-09-20 Received in the Senate. 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.