US Codex
Bill
Notes

Small Business Disaster Damage Fairness Act of 2023

S. 943 · 118th Congress · Mar 22, 2023 · Lineage

A BILL

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

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”.