Making supplemental appropriations for fiscal year 2006 for the Small Business Administration's disaster loans program, and for other purposes.
Latest Action
Became Public Law No: 109-174.
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GovScope Watchdog™
AI Government Intelligence™This bill, enacted as Public Law No: 109-174, provides supplemental appropriations for fiscal year 2006 specifically aimed at supporting the Small Business Administration's disaster loans program. The legislation allocates additional funding to enhance the SBA's capacity to offer disaster-related financial assistance to small businesses affected by disasters. The bill falls under the Commerce policy area and was passed by the House and signed into law on February 18, 2006.
The law supplements funding for the SBA's disaster loans program in fiscal year 2006 to support small businesses impacted by disasters.
- Provides additional appropriations for the SBA's disaster loans program for fiscal year 2006.
- Aims to increase the SBA's ability to provide financial assistance to small businesses affected by disasters.
- Enacted as Public Law No: 109-174 on February 18, 2006.
['Small businesses affected by disasters seeking financial assistance.', 'Small Business Administration as the administering agency.', 'Communities impacted by disasters that rely on small business recovery.']
['The bill text does not specify the exact amount of supplemental appropriations, which may affect budgetary planning and oversight.', "Implementation depends on the SBA's capacity to efficiently allocate and manage the additional funds.", 'Potential tradeoffs include balancing disaster loan funding with other SBA program priorities.']
This legislation was introduced and passed during the 109th Congress, reflecting congressional action to address disaster recovery needs through supplemental funding for the SBA. It was signed into law, indicating bipartisan agreement or sufficient legislative support to enact the appropriations.
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['Enhanced funding for disaster loans may improve small business recovery rates, potentially stabilizing local economies after disasters.', 'Increased SBA loan activity could require additional administrative resources or adjustments in SBA operations.']
Transparency is limited by the absence of detailed appropriation amounts and full bill text in the source data. Oversight bodies may need to seek further documentation to fully assess funding levels and implementation plans. Monitoring SBA's use of supplemental funds will be important to ensure intended disaster recovery support is delivered efficiently.
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