Community Disaster Loan Equity Act of 2002

Read twice and referred to the Committee on Environment and Public Works.

Congressional Research Service

Official summary

Version 00 · Introduced in Senate · Oct 3, 2002

Community Disaster Loan Equity Act of 2002 - Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to: (1) authorize the President to make community disaster loans to State governments; (2) eliminate the $5 million limit on the amount of any such loan; and (3) prohibit the President from requiring the payment of any interest or principal on such a loan made to a State or local government which suffers a substantial loss of tax and other revenues as a result of a major disaster caused by a terrorist attack. Provides that this Act shall apply to any major disaster occurring on or after October 30, 2000.

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People & committees

Who introduced it

Sen. Clinton, Hillary Rodham [D-NY] · D–NY

Committees

Environment and Public Works Committee

1 cosponsorship records, including any withdrawals

Sen. Schumer, Charles E. [D-NY]

Legislative record

Actions

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Oct 3, 2002
Read twice and referred to the Committee on Environment and Public Works.
Oct 3, 2002
Introduced in Senate

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in Senate · Oct 3, 2002 Formatted Text PDF

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.

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Objective

Analyze S.3055 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss S.3055, 107th Congress: Community Disaster Loan Equity Act of 2002

Official record: https://www.congress.gov/bill/107th-congress/senate-bill/3055

Text version to examine: Introduced in Senate · 2002-10-03.

Official full text: https://www.congress.gov/107/bills/s3055/BILLS-107s3055is.htm

Imported record last updated by the source: 2026-09-08T18:13:10Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze S.3055 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine S.3055 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss S.3055, 107th Congress: Community Disaster Loan Equity Act of 2002

Official record: https://www.congress.gov/bill/107th-congress/senate-bill/3055

Text version to examine: Introduced in Senate · 2002-10-03.

Official full text: https://www.congress.gov/107/bills/s3055/BILLS-107s3055is.htm

Imported record last updated by the source: 2026-09-08T18:13:10Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.3055 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Examine S.3055 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Discuss S.3055, 107th Congress: Community Disaster Loan Equity Act of 2002

Official record: https://www.congress.gov/bill/107th-congress/senate-bill/3055

Text version to examine: Introduced in Senate · 2002-10-03.

Official full text: https://www.congress.gov/107/bills/s3055/BILLS-107s3055is.htm

Imported record last updated by the source: 2026-09-08T18:13:10Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.3055 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

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View full prompt & sources

Discuss S.3055, 107th Congress: Community Disaster Loan Equity Act of 2002

Official record: https://www.congress.gov/bill/107th-congress/senate-bill/3055

Text version to examine: Introduced in Senate · 2002-10-03.

Official full text: https://www.congress.gov/107/bills/s3055/BILLS-107s3055is.htm

Imported record last updated by the source: 2026-09-08T18:13:10Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.3055 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.