Budget bill passed by Congress includes partial fix to SBA loan - KTRE.com | Lufkin and Nacogdoches, Texas

ADVERTISEMENT
Bookmark and Share

Budget bill passed by Congress includes partial fix to SBA loan 'Duplication of Benefits' issue

Historic August 2016 flooding (Source: Viewer) Historic August 2016 flooding (Source: Viewer)
BATON ROUGE, LA (WAFB) -

The bill passed overnight by Congress to re-open the federal government offers relief to some Louisiana flood victims. However, some state leaders believe it could have gone further. 

The bill partially fixes the “Duplication of Benefits” issue that has caused problems for thousands of 2016 flood victims. Currently, those who received or even just qualified for a Small Business Administration (SBA) loan could be blocked from accessing Restore Louisiana grant dollars. 

The compromise bill passed in the wee hours of the morning eliminates the penalty for those who were offered but turned down the loan after the historic flood – about 3,800 families, according to the governor’s office. 

However, the penalty remains for those who took out a loan, meaning roughly 8,000 families will have their SBA loans counted against them when applying for Restore Louisiana, according to the governor’s office. 

Sen. John Kennedy said his Senate colleagues – including Senate leadership – did not support the full fix. 

“They refused to do it for Texas, they refused to do it for Florida, Puerto Rico. They refused to do it for California, and Montana and Oregon with the wildfires,” Kennedy said. “Their response was we didn't do it for them, we aren't doing it for Louisiana.” 

Gov. John Bel Edwards and Rep. Garret Graves are blasting the final bill, which was crafted in the Senate. Edwards called the bill “shameful.” 

The original House bill, crafted by Graves and other Louisiana House lawmakers, would have eliminated the penalty for both families who qualified for an SBA loan and those who actually took out a loan.
RELATED: Graves says US Senate budget deal 'screws' La. flood victims; Kennedy’s office says not so fast

Copyright 2018 WAFB. All rights reserved.

  • East Texas NewsMore>>

  • Community rallying behind Lufkin all-stars

    Community rallying behind Lufkin all-stars

    Sunday, August 19 2018 8:23 PM EDT2018-08-20 00:23:07 GMT
    Photo: KTREPhoto: KTRE

    Making history, once again, fans, friends and family members of the Lufkin Little League Junior League team cheered behind the all stars on Sunday at Buffalo Wild Wings.

    More >>

    Making history, once again, fans, friends and family members of the Lufkin Little League Junior League team cheered behind the all stars on Sunday at Buffalo Wild Wings.

    More >>
  • Chinese Taipei squeaks by Lufkin 2-0 in JLWS

    Chinese Taipei squeaks by Lufkin 2-0 in JLWS

    Sunday, August 19 2018 2:18 PM EDT2018-08-19 18:18:34 GMT
    JLWSJLWS

    The All-Stars from the Pineywoods battled Chinese Taipei less than 24 hours after beating California in the U.S. Championship game. Chinese Taipei entered the game after run-ruling Mexico in the International Championship. In the first inning of the heavyweight showdown both teams got a runner on base but both teams left the runner stranded. Lufkin's Christian Mum...

    More >>

    The All-Stars from the Pineywoods battled Chinese Taipei less than 24 hours after beating California in the U.S. Championship game. Chinese Taipei entered the game after run-ruling Mexico in the International Championship. In the first inning of the heavyweight showdown both teams got a runner on base but both teams left the runner stranded. Lufkin's Christian Mum...

    More >>
  • Lufkin Wins! All-Stars beat California 5-2 to advance to World Championship at JLWS

    Lufkin Wins! All-Stars beat California 5-2 to advance to World Championship at JLWS

    Saturday, August 18 2018 8:49 PM EDT2018-08-19 00:49:38 GMT

    Lufkin was hoping to bring home a second straight U.S. Championship with Little League baseball, this time at the Junior League World Series. The U.S. Championship was a rematch of a game a few days earlier against California. The first game saw Lufkin win 2-0 on a complete game shutout by Mark Requena. Lufkin would end up being the away team in the title game. It didn't take long for the scoring to start for Lufkin with clean up hitter Sam Flores got the scoring started early for L...

    More >>

    Lufkin was hoping to bring home a second straight U.S. Championship with Little League baseball, this time at the Junior League World Series. The U.S. Championship was a rematch of a game a few days earlier against California. The first game saw Lufkin win 2-0 on a complete game shutout by Mark Requena. Lufkin would end up being the away team in the title game. It didn't take long for the scoring to start for Lufkin with clean up hitter Sam Flores got the scoring started early for L...

    More >>
Powered by Frankly