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116-hr-7552116th Congress

PREPARE Act

Sponsored By: Representative Morelle, Joseph D. [D-NY-25]

Unknown

Summary

Providing Resources for Emergency Preparedness and Resilient Enterprises Act or the PREPARE Act This bill permanently reauthorizes the pre-disaster mitigation loan program of the Small Business Administration (SBA). Under this program, the SBA may loan up to $500,000 in a 12-month period to small businesses so that such businesses may use mitigation techniques to protect their commercial real estate, equipment, inventory, supplies, and materials from damages related to disasters. The SBA must submit a report on the program that includes information such as (1) the geographic areas in which loan recipients are located, (2) the number and dollar value of loans made, and (3) the estimated aggregate value resulting from the use of funded mitigation techniques.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Morelle, Joseph D. [D-NY-25]

NY • D

Cosponsors

  • Rep. Bergman, Jack [R-MI-1]

    MI • R

    Sponsored 7/9/2020

  • Rep. Golden, Jared F. [D-ME-2]

    ME • D

    Sponsored 7/9/2020

  • Rep. Stauber, Pete [R-MN-8]

    MN • R

    Sponsored 7/9/2020

  • Rep. Stefanik, Elise M. [R-NY-21]

    NY • R

    Sponsored 7/9/2020

  • Rep. Murphy, Stephanie N. [D-FL-7]

    FL • D

    Sponsored 7/9/2020

  • Rep. Gibbs, Bob [R-OH-7]

    OH • R

    Sponsored 7/13/2020

  • Rep. Hagedorn, Jim [R-MN-1]

    MN • R

    Sponsored 7/16/2020

  • Rep. Mast, Brian J. [R-FL-21]

    FL • R

    Sponsored 7/24/2020

  • Rep. Garamendi, John [D-CA-8]

    CA • D

    Sponsored 7/24/2020

  • Rep. Katko, John [R-NY-24]

    NY • R

    Sponsored 8/18/2020

  • Rep. Pingree, Chellie [D-ME-1]

    ME • D

    Sponsored 10/9/2020

  • Rep. Luria, Elaine G. [D-VA-2]

    VA • D

    Sponsored 11/16/2020

Roll Call Votes

No roll call votes available for this bill.

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