[Congressional Record Volume 165, Number 186 (Wednesday, November 20, 2019)]
[House]
[Pages H9101-H9102]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




            REBUILDING SMALL BUSINESSES AFTER DISASTERS ACT

  Ms. CRAIG. Mr. Speaker, I ask unanimous consent to take from the 
Speaker's table the bill (S. 862) to extend the sunset for collateral 
requirements for Small Business Administration disaster loans, and ask 
for its immediate consideration in the House.
  The Clerk read the title of the bill.
  The SPEAKER pro tempore. Is there objection to the request of the 
gentlewoman from Minnesota?
  There was no objection.
  The text of the bill is as follows:

[[Page H9102]]

  


                                 S. 862

       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 ``Rebuilding Small Businesses 
     After Disasters Act''.

     SEC. 2. EXTENSION OF SUNSET FOR COLLATERAL REQUIREMENTS FOR 
                   SBA DISASTER LOANS.

       Section 2102(b) of the RISE After Disaster Act of 2015 (15 
     U.S.C. 636 note) is amended, in the matter preceding 
     paragraph (1), by striking ``4 years'' and inserting ``7 
     years''.

     SEC. 3. GAO REPORT ON DEFAULT RATES.

       Not later than 1 year after the date of enactment of this 
     Act, the Comptroller General of the United States shall 
     submit to the Committee on Small Business and 
     Entrepreneurship of the Senate and the Committee on Small 
     Business of the House of Representatives a report comparing--
       (1) the performance, including the default rate, of loans 
     made under section 7(b)(1) of the Small Business Act (15 
     U.S.C. 636(b)(1)) during the period--
       (A) beginning on January 1, 2000; and
       (B) ending on the date on which the Small Business 
     Administration began making loans in accordance with the 
     amendment made by section 2102(a) of the RISE After Disaster 
     Act of 2015 (Public Law 114-88; 129 Stat. 690); and
       (2) the performance, including the default rate, of loans 
     made under 7(b)(1) of the Small Business Act (15 U.S.C. 
     636(b)(1)) in accordance with the amendment made by section 
     2102(a) of the RISE After Disaster Act of 2015 (Public Law 
     114-88; 129 Stat. 690).

  The bill was ordered to be read a third time, was read the third 
time, and passed, and a motion to reconsider was laid on the table.

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