[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2961 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 2961

To authorize the Administrator of the Small Business Administration to 
  make loans under section 7(b)(2) of the Small Business Act to small 
  business concerns and certain other business concerns that suffered 
substantial economic injury as a result of the terrorist attacks on the 
           United States that occurred on September 11, 2001.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 25, 2001

  Mr. LaFalce (for himself, Mrs. Maloney of New York, Mr. Maloney of 
Connecticut, Ms. Hooley of Oregon, Ms. Lee, Mr. Gonzalez, Mr. Hinojosa, 
 Mr. Ross, Mr. Rangel, Mr. Bonior, Mr. Moran of Virginia, Mrs. Meek of 
 Florida, Mr. Ferguson, Mr. Jones of North Carolina, and Mrs. Morella) 
 introduced the following bill; which was referred to the Committee on 
                             Small Business

_______________________________________________________________________

                                 A BILL


 
To authorize the Administrator of the Small Business Administration to 
  make loans under section 7(b)(2) of the Small Business Act to small 
  business concerns and certain other business concerns that suffered 
substantial economic injury as a result of the terrorist attacks on the 
           United States that occurred on September 11, 2001.

    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 ``Terrorist Disaster Relief for Small 
Businesses Act''.

SEC. 2. LOANS FOR ECONOMIC INJURY SUFFERED AS A RESULT OF THE TERRORIST 
              ATTACKS ON SEPTEMBER 11, 2001.

    (a) In General.--For purposes of section 7(b)(2) of the Small 
Business Act (15 U.S.C. 636(b)(2)), the Administrator of the Small 
Business Administration shall treat the terrorist attacks on the United 
States that occurred on September 11, 2001, as a disaster in response 
to which the Administrator is authorized to make loans under such 
section.
    (b) Area Affected.--For purposes of making loans described in 
subsection (a), the entire United States shall be treated as the area 
affected by the terrorist attacks.
    (c) Eligibility of Other Business Concerns.--For purposes of making 
loans described in subsection (a), the Administrator may, if the 
Administrator determines it to be necessary and appropriate, waive any 
size standard established under section 3(a)(2) of the Small Business 
Act (15 U.S.C. 632(a)(2)) that would otherwise preclude a business 
concern from being an eligible recipient of a loan under subsection 
(a).
                                 <all>