S. 3487: Small Business Disaster Loan Reauthorization and Improvements Act of 2006

109th Congress · introduced 2006-06-08 · Commerce · Latest: Read twice and referred to the Committee on Small Business and Entrepreneurship.

federal

Follow this bill, step by step

Where it came from: introduced 2006-06-08 · official record
Who proposed it: Sen. Kerry, John F. [D-MA] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Small Business and Entrepreneurship. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Small Business Disaster Loan Reauthorization and Improvements Act of 2006

Plain summary

Small Business Disaster Loan Reauthorization and Improvements Act of 2006 - Amends the Small Business Act to authorize appropriations for FY2007 through FY2009 for Small Business Administration (SBA) disaster loan and mitigation programs. Authorizes the SBA Administrator to make loans to small businesses economically adversely impacted by a catastrophic national disaster. Provides for increased public awareness (outreach) of disaster declarations and disaster loan application periods. Authorizes the Administrator to enter into agreements with private contractors to process loans in the event of a major disaster or catastrophic national disaster, and to make bridge grants and loans to persons negatively impacted by declared disasters. Directs the Administrator to make supplemental emergency loans after disasters. Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to provide a preference for the use of local firms and individuals in the expenditure of federal funds for debris clearance, supplies distribution, reconstruction, and other major disaster or emergency assistance activities. Waives: (1) certain major disaster loan limits; and (2) geographic restrictions on small business development center counseling following a major disaster. Requires a monthly report from the Administrator to the congressional small business committees on the SBA disaster loan program. Provides SBA grant assistance for military reservists' small businesses. Authorizes the Administrator to make loans to small businesses that: (1) have suffered or are likely to suffer substantial economic injury on or after August 24, 2005, as the result of significant increases in the price of heating oil, natural gas, gasoline, propane, or kerosene; and (2) if engaged in the heating oil business, sell not more than 10 million gallons of heating oil per year.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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What does this mean? (plain words)

Official text

Small Business Disaster Loan Reauthorization and Improvements Act of 2006

Source: Congressional Research Service summary (Introduced in Senate)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Kerry, John F. [D-MA] · 5 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Appropriation: Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Authorization: A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-109s3487.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/109/s>

Record fed-us-cong109-s3487 · catalog fed-us-congress-bills-cong109 · updated 2026-11-15 by psicol fed-bills-cong109