I 111th CONGRESS 2d Session H. R. 5242 IN THE HOUSE OF REPRESENTATIVES May 6, 2010 Mr. Courtney introduced the following bill; which was referred to the Committee on Transportation and Infrastructure A BILL To direct the Administrator of the Federal Emergency Management Agency to establish a disaster recovery assistance program for businesses, and for other purposes.

1.

Short title

This Act may be cited as the Business Disaster Recovery Assistance Act of 2010.

2.

Business disaster recovery assistance program

(a)

Establishment

Not later than 30 days after the date of enactment of this Act, the Administrator of the Federal Emergency Management Agency shall establish a program to assist covered entities affected by a major disaster. (b)

Grant authority

In carrying out the program under subsection (a), the Administrator is authorized to make a grant to a covered entity to assist the following: (1)The repair or replacement of property owned by the entity and damaged as a direct result of a major disaster, including real estate, inventory, supplies, machinery, and equipment. (2)The meeting of ordinary and necessary financial obligations of the entity that, as a direct result of a major disaster, might not otherwise be met. (c)

Application process

The Administrator shall establish a process for the submission of applications for grants under subsection (b). (d)

Grant amount

(1)

In general

A grant made to a covered entity under subsection (b) shall be in an amount not exceeding $28,000. (2)

Adjustment of limit

The Administrator shall adjust annually the limit established under paragraph (1) to reflect changes in the Consumer Price Index for All Urban Consumers published by the Department of Labor. (e)

Relationship to other law

Nothing in this section may be construed to prohibit a recipient of a grant under subsection (b) from receiving assistance under any other Federal law. (f)

Definitions

In this Act, the following definitions apply: (1)

Covered entity

The term covered entity means a business or private nonprofit organization operating in an area with respect to which the President declared, during the 60-day period preceding the date the entity submitted an application under subsection (c), a major disaster under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5170). (2)

Major disaster

The term major disaster has the meaning given that term in section 102 of such Act (42 U.S.C. 5122).