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Disaster loan reform waiting to happen.(BRIEFLY NOTED)

Regulation

| March 22, 2009 | de Rugy, Veronique | COPYRIGHT 2009 Cato Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The Small Business Administration's Disaster Assistance loans are, collectively, the federal government's primary disaster-relief program. The government-financed loans help not just small businesses, but also individuals, businesses of all sizes, and nonprofits to reestablish after a disaster. Unfortunately, the program's performance has been mediocre, to say the least. Congress is now considering possible reforms, however they are modest in scope and the program will likely continue to underperform for disaster victims.

AIDING CITIES, NOT PEOPLE Congress authorizes the SBA to provide low-interest loans to disaster victims contingent upon a disaster declaration ...

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Source: HighBeam Research, Disaster loan reform waiting to happen.(BRIEFLY NOTED)

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