[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 277 Referred in Senate (RFS)]

<DOC>
116th CONGRESS
  1st Session
                                H. R. 277


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 16, 2019

 Received; read twice and referred to the Committee on Small Business 
                          and Entrepreneurship

_______________________________________________________________________

                                 AN ACT


 
  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--
            (1) by striking subsections (b) and (c); and
            (2) by striking ``(a) In General.--''.
    (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.

            Passed the House of Representatives July 15, 2019.

            Attest:

                                             CHERYL L. JOHNSON,

                                                                 Clerk.