[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 2148 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                S. 2148

   To amend the Small Business Act to provide additional awards for 
               disaster recovery, and for other purposes.


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                   IN THE SENATE OF THE UNITED STATES

                             July 17, 2019

  Mr. Kennedy introduced the following bill; which was read twice and 
    referred to the Committee on Small Business and Entrepreneurship

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                                 A BILL


 
   To amend the Small Business Act to provide additional awards for 
               disaster recovery, 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 ``Small Business Disaster Recovery 
Improvement Act''.

SEC. 2. ADDITIONAL AWARDS FOR DISASTER RECOVERY.

    Section 7(b)(12) of the Small Business Act (15 U.S.C. 636(b)(12)) 
is amended--
            (1) in subparagraph (A), by striking ``may'' and inserting 
        ``shall''; and
            (2) by adding at the end the following:
                    ``(I) Award amount.--
                            ``(i) In general.--The total amount of 
                        financial assistance provided under this 
                        paragraph in a fiscal year shall be in an 
                        amount that is not less than 3 percent and not 
                        more than 5 percent of the total amount made 
                        available for that fiscal year for 
                        administrative expenses to carry out the 
                        disaster loan program under this subsection, 
                        including amounts made available as emergency 
                        supplemental appropriations.
                            ``(ii) Remainder.--Any financial assistance 
                        allocated to an entity under clause (i) that 
                        remains unobligated by the end of the fiscal 
                        year in which the financial assistance is made 
                        available shall be reallocated to the 
                        Administrator to provide loans under this 
                        subsection.''.
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