S. 3554: A bill to extend the effective date for the sunset for collateral requirements for Small Business Administration disaster loans.
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S. 3554: A bill to extend the effective date for the sunset for collateral requirements for Small Business Administration disaster loans.
115th Congress · introduced 2018-10-05 · Commerce · Latest: By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-453.
federal
Follow this bill, step by step
- Where it came from: introduced 2018-10-05 · official record
- Who proposed it: Sen. Kennedy, John [R-LA] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-453. 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.
Official title
A bill to extend the effective date for the sunset for collateral requirements for Small Business Administration disaster loans.
Plain summary
(Sec. 1) This bill amends the RISE After Disaster Act of 2015 to extend by one year the increased threshold for the minimum major-disaster loan amount for which the Small Business Administration may require collateral.
Congressional Research Service summary (Passed House without amendment), quoted unchanged (nonpartisan). Read the source.
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A “Yea” vote
If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
PSI Sci description of the legislative step (not an opinion).
What does this mean? (plain words)
Official text
A bill to extend the effective date for the sunset for collateral requirements for Small Business Administration disaster loans.
Source: Congressional Research Service summary (Passed House without amendment)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Sen. Kennedy, John [R-LA] · 2 cosponsors
Cosponsors on this site
Cory A. Booker (D-NJ)
Sponsor's campaign money: Sen. Kennedy, John [R-LA] reported raising $11.9 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.
Agencies named in this bill
- Small Business Administration: its federal spending and other bills that name it
Found automatically: the agency's full official name appears in the bill title. A bill can affect agencies it does not name, so this list may be incomplete.
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 (1)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Passed House without amendment)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115s3554.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/s>
Record fed-us-cong115-s3554 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115