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H.R. 6429, The Small Business Energy Emergency Relief Act of 2008

  • This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

Comparing original version (created by webmaster) with revision saved on October 15, 2008, 19:32:54 (webmaster):

H.R. 6429 would establish a small business energy emergency disaster loan program.

== Detailed Summary ==

<summary>
(LogSmall Business Energy Emergency Relief Act of 2008 - Amends the Small Business Act to authorize the Small Business Administration to make disaster loans to assist small businesses that have suffered or are likely to suffer substantial economic injury as the result of a significant increase in the price of heating fuel occurring on or after October 1, 2007. Prohibits such loan from being made if the total amount outstanding and committed to edit the wikiborrower would exceed $1.5 million, unless the borrower is a major source of employment in its surrounding area.

Amends the Consolidated Farm
and beRural Development Act to authorize the firstSecretary of Agriculture to providemake loans to farm operations that qualify as a detailed summarysmall business and that have or are likely to suffer substantial economic injury on or after October 1, 2007, as the result of a significant increase in energy costs in connection with an energy emergency declared by the President or the bill!)Secretary.
</summary>

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== Status of the Legislation ==

<status>
(Log inLatest Major Action: 10/3/2008: Referred to House subcommittee. Status: Referred to edit the wikiSubcommittee on Specialty Crops, Rural Development, and be the first to update the status of the bill!)Foreign Agriculture.
</status>

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== Points in Favor ==

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== Points Against ==

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