S 1370
Prepare act of 2023
Prepare Act of 2023
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- Passed Senate
- Passed House
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- Became Law
Bill overview
The PREPARE Act of 2023 reauthorizes a Small Business Administration program designed to help small businesses prepare for and recover from disasters. It expands the program’s ability to provide loans to cover expenses like protecting real estate, equipment, and inventory from damage. The bill also increases the maximum loan amount available and includes provisions for outreach and technical assistance to small businesses, as well as a program evaluation to measure its effectiveness.
Sponsors
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Primary sponsor
Marco Rubio
Cosponsors
Angus S., Jr. King
Benjamin L. Cardin
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