Home > 106th Congressional Bills > S. 388 (is) To authorize the establishment of a disaster mitigation pilot program in the Small Business Administration. [Introduced in Senate] ...

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

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  1st Session
                                 S. 388


                                 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,


    (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 
    (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 
    ``(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.

            Passed the Senate March 25, 1999.



  1st Session

                                 S. 388


                                 AN ACT

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

Pages: 1

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