[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 818 Referred in Senate (RFS)]

  1st Session
                                H. R. 818


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                   IN THE SENATE OF THE UNITED STATES

                             March 3, 1999

  Received; read twice and referred to the Committee on Small Business

_______________________________________________________________________

                                 AN ACT


 
 To amend the Small Business Act to authorize a pilot program for the 
  implementation of disaster mitigation measures by small businesses.

    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 ``Disaster Mitigation Coordination Act 
of 1999''.

SEC. 2. 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 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 business 
                concerns to implement mitigation measures pursuant to a 
                formal disaster mitigation program established by the 
                Federal Emergency Management Agency, except that no 
                loan or guarantee may be extended to a small business 
                concern under this subparagraph unless the 
                Administration finds the concern 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.--
            (1) In general.--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, as added by subsection (a) of this section.
            (2) Contents of report.--The 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 House of Representatives March 2, 1999.

            Attest:

                                                 JEFF TRANDAHL,

                                                                 Clerk.