U.S. Sens. Robert Menendez and Cory Booker have seen through the final passage of the Menendez-authored Superstorm Sandy Relief and Disaster Loan Program Improvement Act.
The bill would extend, expand and improve access to federal disaster loans through the U.S. Small Business Administration. The measure passed the U.S. House of Representatives Monday night and awaits President Barack Obama’s signature.
Menendez said the bill enables Hurricane Sandy survivors to access low-interest, long-term loans to repair homes and businesses damaged by the storm.
“I’m proud to have passed yet another piece of legislation that will help New Jerseyans get back on their feet and move our state closer to a complete recovery from Sandy,” he said in a news release.