II 110th CONGRESS 1st Session S. 690 IN THE SENATE OF THE UNITED STATES February 27, 2007 Ms. Landrieu introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship A BILL To amend the Small Business Act to authorize the Administrator of the Small Business Administration to waive the prohibition on duplication of certain disaster relief assistance.

1.

Short title

This Act may be cited as the Catastrophic Disaster Recovery Improvements Act of 2007.

2.

Waiver of prohibition on duplication of certain benefits

(a)

In general

Section 7(b) of the Small Business Act (15 U.S.C. 636(b)) is amended by inserting immediately after paragraph (3) the following: (4)

Waiver of prohibition on duplication of certain benefits

For any major disaster (as that term is defined in section 102 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5122)), in providing assistance under paragraph (1) or (2), the Administrator may waive, in whole or in part, the prohibition on the duplication of benefits, including whether damage or destruction has been compensated for by, credit is available from, activities are reimbursable through, or funds have been made available from any other source. . (b)

Applicability and retroactivity for victims of Hurricanes Katrina, Rita, and Wilma

The amendment made by this section shall apply to any assistance under section 7(b) of the Small Business Act (15 U.S.C. 636(b)) provided on or after August 29, 2005.