Political Quotes

“Mr. Speaker, I ask unanimous consent to take from the Speaker's table the bill (S. 862) to extend the sunset for collateral requirements for Small Business Administration disaster loans, and ask for its immediate consideration in the House. The Clerk read the title of the bill. The SPEAKER pro tempore. Is there objection to the request of the gentlewoman from Minnesota? There was no objection. The text of the bill is as follows: S. 862 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Rebuilding Small Businesses After Disasters Act''. SEC. 2. EXTENSION OF SUNSET FOR COLLATERAL REQUIREMENTS FOR SBA DISASTER LOANS. Section 2102(b) of the RISE After Disaster Act of 2015 (15 U.S.C. 636 note) is amended, in the matter preceding paragraph (1), by striking ``4 years'' and inserting ``7 years''. SEC. 3. GAO REPORT ON DEFAULT RATES. Not later than 1 year after the date of enactment of this Act, the Comptroller General of the United States shall submit to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives a report comparing-- (1) the performance, including the default rate, of loans made under section 7(b)(1) of the Small Business Act (15 U.S.C.…”