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H.R. 4178

BillFederalHouseIn Committee
To amend the Small Business Act to establish an energy emergency disaster loan program.
About This Bill
Committee
Latest Action · October 28, 2005
Referred to the House Committee on Small Business.
Congress
109th (2005–2007)
Introduced
October 28, 2005
Cosponsors (2)
2D 0R
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Summary

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Amends the Small Business Act to authorize the Administrator of the Small Business Administration (SBA) to make or guarantee a loan to a small business that has suffered, or is likely to suffer, substantial economic injury as a result of a significant increase in the price of heating oil, natural gas, gasoline, transportation fuel, propane, or kerosene. Prohibits such a loan or guarantee if the total amount outstanding and committed to the borrower would exceed $1.5 million (with an exception). Prohibits any such assistance unless there has been a declaration of a disaster in the area or the governor of the state involved has certified that small businesses have suffered economic injury as a result of the price increases. Allows a small business to use assistance funds to convert to a renewable or alternative energy source.

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