I 111th CONGRESS 2d Session H. R. 5787 IN THE HOUSE OF REPRESENTATIVES July 20, 2010 Mr. Melancon introduced the following bill; which was referred to the Committee on Small Business A BILL To provide for the refinancing and consolidation of disaster loans under the Small Business Act, and for other purposes.

1.

Short title

This Act may be cited as the SBA Disaster Loan Relief Act of 2010.

2.

Refinancing and consolidation of disaster loans

(a)

In general

Not later than 30 days after the date of enactment of this Act, the Administrator of the Small Business Administration shall issue regulations providing for, during the period defined in subsection (b), the refinancing or consolidation of a loan under section 7(b) of the Small Business Act (15 U.S.C. 636(b)) made at any time to any person directly affected by the discharge of oil arising from the explosion on and sinking of the mobile offshore drilling unit Deepwater Horizon. (b)

Period defined

The period defined in this subsection is the period beginning on April 22, 2010, and ending 180 days after the date that the Administrator determines to be the date that the Administrator last makes a loan under section 7(b) of the Small Business Act (15 U.S.C. 636(b)) to any person directly affected by the discharge of oil arising from the explosion on and sinking of the mobile offshore drilling unit Deepwater Horizon.