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S. 862: Rebuilding Small Businesses After Disasters Act

A bill to repeal the sunset for collateral requirements for Small Business Administration disaster loans.

Sponsor and status

John Kennedy

Sponsor. Junior Senator for Louisiana. Republican.

Read Text »
Last Updated: Nov 21, 2019
Length: 2 pages
Introduced
Mar 25, 2019
116th Congress, 2019–2021
Status

Enacted — Signed by the President on Nov 22, 2019

This bill was enacted after being signed by the President on November 22, 2019.

Law
Pub.L. 116-70
Source

Position statements

What legislators are saying

Rubio, Kennedy Applaud Small Business Disaster Relief Bill Being Signed into Law
    — Sen. Marco Rubio [R-FL] (Co-sponsor) on Nov 26, 2019

Small Business Committee Reports Out Tryon Nomination, Legislation to Protect Small Business From Cyber Threats
    — Sen. Marco Rubio [R-FL] (Co-sponsor) on Mar 27, 2019

More statements at ProPublica Represent...

What stakeholders are saying

Institute for Spending Reform SpendingTracker.org estimates new spending due to S. 862 will be negligible.

History

Mar 25, 2019
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Mar 27, 2019
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Aug 1, 2019
 
Passed Senate (House next)

The bill was passed in a vote in the Senate. It goes to the House next. The vote was by Voice Vote so no record of individual votes was made.

Nov 20, 2019
 
Passed House

The bill was passed by both chambers in identical form. It goes to the President next who may sign or veto the bill. The vote was without objection so no record of individual votes was made.

Nov 22, 2019
 
Enacted — Signed by the President

The President signed the bill and it became law.

S. 862 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“S. 862 — 116th Congress: Rebuilding Small Businesses After Disasters Act.” www.GovTrack.us. 2019. December 11, 2019 <https://www.govtrack.us/congress/bills/116/s862>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.