3.0.0 4699 2023-01-11T13:44:42Z 2023-01-11T13:44:42Z Senate S 2020-09-24 116 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2020-09-24T19:36:45Z PREPARE Act 116 7552 HR 2020-07-09 Referred to the House Committee on Small Business. Related bill CRS 2020-09-24 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2020-09-24 Introduced in Senate IntroReferral 10000 9 Library of Congress R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL N K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2020-09-24 True C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2020-09-24 True K000393 Sen. Kennedy, John [R-LA] John Kennedy R LA Neely 2020-09-24 True E000295 Sen. Ernst, Joni [R-IA] Joni Ernst R IA 2020-09-24 True W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2020-09-24 True C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2020-09-24 True Commerce Congressional oversight Geography and mapping Government information and archives Government lending and loan guarantees Government studies and investigations Natural disasters Small business Commerce 00 2020-09-24 Introduced in Senate 2021-04-22T18:22:09Z Providing Resources for Emergency Preparedness and Resilient Enterprises Act or the PREPARE Act

This bill permanently reauthorizes the pre-disaster mitigation loan program of the Small Business Administration (SBA).

Under this program, the SBA may loan up to $500,000 in a 12-month period to small businesses so that such businesses may use mitigation techniques to protect their commercial real estate, equipment, inventory, supplies, and materials from damages related to disasters.

The SBA must submit a report on the program that includes information such as (1) the geographic areas in which loan recipients are located, (2) the number and dollar value of loans made, and (3) the estimated aggregate value resulting from the use of funded mitigation techniques.

The bill also authorizes the SBA to increase the amount of a disaster loan by up to 30% of the aggregate costs of any damage or destruction to enable a business to take mitigating measures that protect from possible future disasters.

]]> PREPARE Act Display Title PREPARE Act Short Title(s) as Introduced PREPARE Act Introduced in Senate IS Short Title(s) as Introduced Providing Resources for Emergency Preparedness And Resilient Enterprises Act Introduced in Senate IS Official Title as Introduced A bill to reauthorize and limit the pre-disaster mitigation program of the Small Business Administration, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-09-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s4699is/xml/BILLS-116s4699is.xml 2020-09-24 Read twice and referred to the Committee on Small Business and Entrepreneurship. 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.