S. 388 (es) To authorize the establishment of a disaster mitigation pilot program in the Small Business Administration. [Engrossed in Senate] ...

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        S.388

                       One Hundred Sixth Congress

                                 of the

                        United States of America


                          AT THE FIRST SESSION

         Begun and held at the City of Washington on Wednesday,
   the sixth day of January, one thousand nine hundred and ninety-nine


                                 An Act


 
To authorize the establishment of a disaster mitigation pilot program in 
                   the Small Business Administration.

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

SECTION 1. DISASTER MITIGATION PILOT PROGRAM.

    (a) In General.--Section 7(b)(1) of the Small Business Act (15 
U.S.C. 636(b)(1)) is amended--
        (1) in subparagraph (B), by adding ``and'' at the end; and
        (2) by adding at the end the following:
        ``(C) during fiscal years 2000 through 2004, to establish a 
    predisaster mitigation program to make such loans (either directly 
    or in cooperation with banks or other lending institutions through 
    agreements to participate on an immediate or deferred (guaranteed) 
    basis), as the Administrator may determine to be necessary or 
    appropriate, to enable small businesses to use mitigation 
    techniques in support of a formal mitigation program established by 
    the Federal Emergency Management Agency, except that no loan or 
    guarantee may be extended to a small business under this 
    subparagraph unless the Administration finds that the small 
    business is otherwise unable to obtain credit for the purposes 
    described in this subparagraph;''.
    (b) Authorization of Appropriations.--Section 20 of the Small 
Business Act (15 U.S.C. 631 note) is amended by adding at the end the 
following:
    ``(f) Disaster Mitigation Pilot Program.--The following program 
levels are authorized for loans under section 7(b)(1)(C):
        ``(1) $15,000,000 for fiscal year 2000.
        ``(2) $15,000,000 for fiscal year 2001.
        ``(3) $15,000,000 for fiscal year 2002.
        ``(4) $15,000,000 for fiscal year 2003.
        ``(5) $15,000,000 for fiscal year 2004.''.
    (c) Evaluation.--On January 31, 2003, the Administrator of the 
Small Business Administration shall submit to the Committees on Small 
Business of the House of Representatives and the Senate a report on the 
effectiveness of the pilot program authorized by section 7(b)(1)(C) of 
the Small Business Act (15 U.S.C. 636(b)(1)(C)), as added by subsection 
(a) of this section, which report shall include--
        (1) information relating to--
            (A) the areas served under the pilot program;
            (B) the number and dollar value of loans made under the 
        pilot program; and
            (C) the estimated savings to the Federal Government 
        resulting from the pilot program; and
        (2) such other information as the Administrator determines to 
    be appropriate for evaluating the pilot program.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.

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