H.R. 3042 · 112th Congress · 2011–2012
Disaster Loan Fairness Act of 2011
H.R. 3042 in the 112th Congress (2011–2012) was introduced on Sep 23, 2011, sponsored by Lou Barletta with 26 co-sponsors.
During the 112th Congress (2011–2012), Barack Obama was president, and Republicans held the House majority and Democrats the Senate majority.
- Status
- Introduced
- Introduced
- Sep 23, 2011
- Co-sponsors
- 26
- Policy area
- Commerce
What it does
Disaster Loan Fairness Act of 2011 - Requires that, when the President declares a major disaster, the interest rates for any loan programs or guarantees under the Small Business Act or Small Business Investment Act of 1958, including home disaster loans, business physical disaster loans, and economic injury disaster loans, shall be 1% for eligible applicants in the declared disaster area, with or without other available credit…
Summary by the nonpartisan Congressional Research Service.
Sponsor
Lou Barletta (R-PA). Co-sponsors: 9 Democrats, 17 Republicans.
Where it stands
- IntroducedSep 23, 2011
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Small Business. (Sep 23, 2011)
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Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 3042 (112th Congress): Disaster Loan Fairness Act of 2011,” https://www.capitolreceipts.com/bill/112-hr-3042/disaster-loan-fairness-act-of-2011 (accessed 2026-10-17).