To amend the Internal Revenue Code of 1986 to require the disclosure of return information to the Small Business Administration for the purposes of carrying out the Disaster Loan Program.

To amend the Internal Revenue Code of 1986 to require the disclosure of return information to the Small Business Administration for the purposes of carrying out the Disaster Loan Program.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

SEC. 2. Disclosure of return information to Small Business Administration for purposes of carrying out Disaster Loan Program.

(a) In general.—Section 6103(l) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:

“(23) DISCLOSURE OF RETURN INFORMATION TO SMALL BUSINESS ADMINISTRATION FOR PURPOSES OF CARRYING OUT DISASTER LOAN PROGRAM.—

“(A) IN GENERAL.—The Secretary shall, upon written request from the Administrator of the Small Business Administration, disclose to officers and employees of the Small Business Administration return information of a taxpayer who is an applicant for a loan under section 7(b) of the Small Business Act.

“(B) RESTRICTION ON DISCLOSURE.—Return information disclosed under subparagraph (A) may be used by officers and employees of the Small Business Administration only for the purposes of, and to the extent necessary in, determining a taxpayer’s eligibility for a loan under section 7(b) of the Small Business Act.”.

(b) Conforming amendments.—Section 6103(p)(4) of such Code is amended in the matter preceding subparagraph (A) and in subparagraph (F)(ii), by striking “or (22),” and inserting “(22), or (23),” each place it appears.

(c) Effective date.—The amendments made by this section shall apply to disclosures made after the date of the enactment of this Act.