[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5334 Introduced in House (IH)]








109th CONGRESS
  2d Session
                                H. R. 5334

   To provide for low-interest disaster loans when a small business 
             concern is affected by a small-scale disaster.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 9, 2006

 Mr. Sweeney introduced the following bill; which was referred to the 
                      Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
   To provide for low-interest disaster loans when a small business 
             concern is affected by a small-scale disaster.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Scale Disaster Small Business 
Assistance Act of 2006''.

SEC. 2. DISASTER LOANS WHEN SMALL BUSINESS CONCERN IS AFFECTED BY 
              SMALL-SCALE DISASTER.

    Section 7 of the Small Business Act (15 U.S.C. 636) is amended in 
subsection (b) by adding after paragraph (3) the following new 
paragraph:
            ``(4) to make such disaster loans (either directly or in 
        cooperation with banks or other lending institutions through 
        agreement to participate on an immediate or deferred basis) to 
        assist a small business concern that--
                    ``(A) has suffered or that is likely to suffer over 
                $50,000 in damage or lost revenue as the result of a 
                disaster that is of a scale too small to be covered by 
                paragraph (2); and
                    ``(B) is not otherwise receiving Federal or State 
                assistance by reason of the disaster.''.
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