PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Small Business.
Congressional Research Service
Version 00 · Introduced in Senate · Sep 30, 1996
Military Reservists Small Business Relief Act - Amends the Small Business Act to direct the Administrator of the Small Business Administration (SBA), upon request, to defer repayment of a direct loan made to: (1) an individual who is a reservist who received such loan before being called or ordered to, or retained on, active duty; or (2) a small business that received such loan before a reservist who is an owner, manager, or key employee of such small business was so called, ordered, or retained. Extends the loan deferral period from the date the individual is so called, ordered, or retained until the later of 180 days after: (1) such individual is released; or (2) the enactment of this Act, with no accrual of interest during such period. Authorizes the SBA to make disaster loans to assist a small business that has suffered or is likely to suffer economic injury as the result of its owner, manager, or key employee being ordered to active duty during a period of military conflict. Limits to $500,000 the amount outstanding and committed on each loan.
People & committees
Sen. Santorum, Rick [R-PA] · R–PA
Legislative record
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Read twice and referred to the Committee on Small Business.
Introduced in Senate
Primary sources
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Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.
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