[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 277 Introduced in House (IH)]

<DOC>






116th CONGRESS
  1st Session
                                H. R. 277

  To adjust collateral requirements under the Small Business Act for 
                disaster loans, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 8, 2019

  Ms. Velazquez (for herself and Mr. Chabot) introduced the following 
      bill; which was referred to the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
  To adjust collateral requirements under the Small Business Act for 
                disaster loans, and for other purposes.

    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 ``Access to Sufficient Capital for 
Everyone in Natural Disaster areas Act of 2019'' or the ``ASCEND Act of 
2019''.

SEC. 2. COLLATERAL REQUIREMENTS FOR DISASTER LOANS UNDER THE SMALL 
              BUSINESS ACT.

    (a) Amendment to the RISE After Disaster Act of 2015.--Section 2102 
of the RISE After Disaster Act of 2015 (Public Law 114-88) is amended 
be striking subsections (b) and (c).
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect as though enacted as part of the RISE After Disaster Act of 
2015.
                                 <all>