[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 943 Introduced in Senate (IS)]

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118th CONGRESS
  1st Session
                                 S. 943

   To increase the minimum disaster loan amount for which the Small 
Business Administration may require collateral, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 22, 2023

  Mr. Kennedy introduced the following bill; which was read twice and 
    referred to the Committee on Small Business and Entrepreneurship

_______________________________________________________________________

                                 A BILL


 
   To increase the minimum disaster loan amount for which the Small 
Business Administration may require collateral, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Business Disaster Damage 
Fairness Act of 2023''.

SEC. 2. COLLATERAL REQUIREMENTS FOR DISASTER LOANS.

    Section 7(d)(6) of the Small Business Act (15 U.S.C. 636(d)(6)) is 
amended in the third proviso--
            (1) by striking ``$14,000'' and inserting ``$25,000''; and
            (2) by striking ``major disaster'' and inserting 
        ``disaster''.
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