SB109
Type: B Origin: Senate New Mexico Comments: 0

Catastrophic Business Relief Act

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The Catastrophic Business Relief Act is a federal bill aimed at providing financial assistance to businesses facing significant losses due to catastrophic events like natural disasters, pandemics, or other emergencies. The main provisions of the bill include establishing a relief fund to support eligible businesses, offering low-interest loans or grants for recovery efforts, and streamlining the application process to expedite aid distribution. This legislation aims to help businesses recover quickly from unforeseen disasters and mitigate economic impacts on communities.

Bill Activity

  • 2024-01-18: Sent to SCC - Referrals: SCC/STBTC/SFC

  • 2024-01-18: Action Postponed Indefinitely

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