Scott leads bill to Replenish the SBA Disaster Loan Program [Video]

Media release provided by the Office of US Senator Tim Scott

WASHINGTON — U.S. Senator Tim Scott (R-S.C.) joined Senators Thom Tillis (R-N.C.), Ted Budd (R-N.C.), Bill Cassidy, M.D. (R-La.), and Rick Scott (R-Fla.) in announcing plans to introduce legislation that would replenish the Small Business Administration (SBA) Disaster Loan Program. The senators plan to seek passage of the legislation when Congress returns to session. On October 15th, the SBA announced the Disaster Loan Fund had run out of money.

“Hurricane Helene brought a level of devastation to South Carolina we haven’t seen since Hugo. With a natural disaster of this magnitude, Congress should take the opportunity to show leadership and help ease the pain of those who have lost everything,” said Senator Tim Scott. “Communities back home and in surrounding states have come together to recover, but it will take every possible effort to get us back to where …