S. 598 would require reporting regarding the disaster loan program of the Small Business Administration.
Detailed Summary
Small Business Disaster Loan Reporting Act of 2007 - Directs the Administrator of the Small Business Administration (SBA) to: (1) amend the 2006 hurricane season disaster response plan to apply to major disasters; (2) report monthly to the congressional small business committees on the operation of the SBA disaster loan program; (3) provide daily updates during presidentially declared disaster periods; (4) provide reports regarding federal contracts awarded as a result of a major disaster; and (5) report on how the SBA can improve the processing of applications under the disaster loan program.
Status of the Legislation
Latest Major Action: 2/14/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Small Business and Entrepreneurship.
Points in Favor
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