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House approves amendment to speed small‑business emergency bridge loans; bill passes
Summary
Lawmakers adopted an amendment allowing the director of the relevant state agency to approve emergency bridge loans within five days during a declared disaster; Senate File 195 passed the House 61–0 (1 excused).
The House adopted a floor amendment to Senate File 195 intended to accelerate emergency response for small businesses seeking bridge loans after disasters, and later approved final passage.
Representative Nyman moved a third‑reading amendment on behalf of the land office to let the agency director authorize and fund loans within five days during a natural disaster instead of requiring a slower board action. The amendment was described on the floor as a cleanup measure to enable faster director action and implementation of rulemaking that would move loans through more quickly.
There was no extended debate on the amendment; members voice‑voted to adopt it. After third reading and final passage the chief clerk called the roll on passage. The clerk announced the tally: 61 yea, 1 excused. The House passed Senate File 195.
Ending: With the amendment adopted and final passage recorded, the bill will proceed to the other chamber and, if enacted, will permit expedited director action on emergency bridge loans for qualified small businesses during declared disasters.
