Patriot Loan Act of 2006
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (May 25, 2006)
Patriot Loan Act of 2006 - Amends the Small Business Act to increase from $1.5 million to $2 million the loan limit that may be made to a small businesses that has suffered or is likely to suffer substantial economic injury as a result of an essential employee being ordered to active military duty during a period of military conflict. Limits to $25,000 any such loan that is made without collateral.
Directs the Administrator of the Small Business Administration (SBA) and the Secretary of Defense to: (1) develop a joint website and printed material providing information on such loan program; and (2) conduct a joint study on the feasibility of creating a business mobilization and interruption insurance program and a debt insurance program for mobilized Guard and reserve personnel who own or operate small businesses.
What just happenedMay 25, 2006
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Who’s behind it
- Introduced in SenateMay 25, 2006
- May 25, 2006IntroReferral
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Small Business and Entrepreneurship Committee - May 25, 2006IntroReferralB00100
Sponsor introductory remarks on measure. (CR S5242)
- May 25, 2006IntroReferral10000
Introduced in Senate