[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 1869 Introduced in Senate (IS)]







105th CONGRESS
  2d Session
                                S. 1869

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 26, 1998

 Mr. Cleland (for himself, Mr. Coverdell, Mr. Kerry, Mr. Hollings, and 
  Mr. Harkin) introduced the following bill; which was read twice and 
              referred to the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
 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 1999 through 2003, to establish a 
        pre-disaster 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 install mitigation devices or to take preventive 
        measures to protect against disasters, in support of a formal 
        mitigation program established by the Federal Emergency 
        Management Agency, except that no loan or guarantee shall 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 1999.
            ``(2) $15,000,000 for fiscal year 2000.
            ``(3) $15,000,000 for fiscal year 2001.
            ``(4) $15,000,000 for fiscal year 2002.
            ``(5) $15,000,000 for fiscal year 2003.''.
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