S 3223

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A bill to establish a small business energy emergency disaster loan program.
Sponsor: John F. Kerry (D) MA
 
Status: Active
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Summary:
6/27/2008--Introduced.Small Business Energy Emergency Relief Act of 2008 - Amends the Small Business Act to authorize the Small Business Administration to make disaster loans to assist small businesses that have suffered or are likely to suffer substantial economic injury as the result of a significant increase in the price of heating fuel occurring on or after October 1, 2007. Prohibits such loan from being made if the total amount outstanding and committed to the borrower would exceed $1.5 million, unless the borrower is a major source of employment in its surrounding area. Amends the Consolidated Farm and Rural Development Act to authorize the Secretary of Agriculture to make loans to farm operations that qualify as a small business and that have or are likely to suffer substantial economic injury on or after October 1, 2007, as the result of a significant increase in energy costs in connection with an energy emergency declared by the President or the Secretary.
 
Text of Legislation:
Text of Legislation not available.
 
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All Actions:

Actions Date
Action Text
6/27/2008
Sponsor introductory remarks on measure. (CR S6328-6329)
6/27/2008
Read twice and referred to the Committee on Small Business and Entrepreneurship.
 
Titles:

Small Business Energy Emergency Relief Act of 2008
A bill to establish a small business energy emergency disaster loan program.
 
Committee:

Referral, In Committee
 
Related Bill Details:

 
Amendments

Amendments not available.
 
 
 
 
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