United States 112th Congress Status: Died 1 D cosponsors

S 3681 — A bill to clarify the collateral requirement for certain loans under section 7(d) of the Small Business Act, and for other purposes.

Last action — Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S8043)

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the Small Business Act to prohibit the Administrator of the Small Business Administration (SBA), in obtaining the best available collateral for a disaster loan of not more than $200,000 relating to damage to or destruction of property or economic injury to a small business, from requiring the small business owner to use his or her primary residence as collateral if the Administrator determines that the owner has other assets with a value equal to or greater than the loan amount that could be used as collateral.

Bill Text

We don't have the full text on file for this bill yet.

Read S 3681 on the official United States source →

Action History

  1. Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S8043)

  2. Sponsor introductory remarks on measure. (CR S8042-8043)

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance housing
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Frequently asked questions

What does S 3681 do?
Amends the Small Business Act to prohibit the Administrator of the Small Business Administration (SBA), in obtaining the best available collateral for a disaster loan of not more than $200,000 relating to damage to or destruction of property or economic injury to a small business, from requiring the small business owner to use his or her primary residence as collateral if the Administrator determines that the owner has other assets with a value equal to or greater than the loan amount that could be used as collateral.
Who sponsors S 3681?
S 3681 is sponsored by Mary Landrieu (Democrat).
What is the current status of S 3681?
This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 3681?
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Last checked for changes about 13 hours ago · updated continuously

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