[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.''. <all>