This bill makes permanent the increase from $14,000 to $25,000 the minimum disaster loan amount for which the Small Business Administration may require collateral. Under current law, this increase is set to expire on November 25, 2022.
To repeal the sunset for collateral requirements for Small Business 
                     Administration disaster loans.

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

SECTION 1. REPEAL OF SUNSET FOR COLLATERAL REQUIREMENTS FOR SBA 
              DISASTER LOANS.

    Section 2102(b) of the RISE After Disaster Act of 2015 (15 U.S.C. 
636 note) is repealed.
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A bill to repeal the sunset for collateral requirements for Small Business Administration disaster loans.
A bill to repeal the sunset for collateral requirements for Small Business Administration disaster loans.
Official Titles - Senate
Official Title as Introduced
A bill to repeal the sunset for collateral requirements for Small Business Administration disaster loans.
Sen. Kennedy, John