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S. 3554 · 115th Congress · 2017–2018

A bill to extend the effective date for the sunset for collateral requirements for Small Business Administration disaster loans.

S. 3554 in the 115th Congress (2017–2018) became law — introduced on Oct 5, 2018, sponsored by John Kennedy with 2 co-sponsors.

During the 115th Congress (2017–2018), Donald Trump was president, and Republicans held majorities in both the House and Senate.

Status
Became law
Introduced
Oct 5, 2018
Co-sponsors
2
Policy area
Commerce
Public law
Public Law 115-280

What it does

(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.

Summary by the nonpartisan Congressional Research Service.

Sponsor

John Kennedy (R-LA). Co-sponsors: 1 Democrat, 1 Republican.

Where it stands

  • IntroducedOct 5, 2018
  • Passed the SenateNov 15, 2018
  • Passed the HouseNov 16, 2018
  • Sent to the PresidentNov 27, 2018
  • Became lawNov 29, 2018

Latest action: By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-453. (Dec 20, 2018)

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From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.

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Capitol Receipts, “S. 3554 (115th Congress): A bill to extend the effective date for…,” https://www.capitolreceipts.com/bill/115-s-3554/a-bill-to-extend-the-effective-date-for-the (accessed 2026-10-16).

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