[Public Papers of the Presidents of the United States: George H. W. Bush (1992, Book I)]
[June 22, 1992]
[Page 998]
[From the U.S. Government Publishing Office www.gpo.gov]



Statement on Signing Emergency Supplemental Appropriations Legislation

June 22, 1992
    Today I have signed into law H.R. 5132, an Act that provides 
supplemental appropriations for disaster assistance to meet urgent needs 
resulting from calamities such as those that occurred in Los Angeles and 
Chicago.
    This Act provides emergency funding for disaster programs of the 
Federal Emergency Management Agency (FEMA) and the Small Business 
Administration (SBA). FEMA funds will be used to provide disaster-
affected individuals and families with temporary housing assistance and 
to provide grants for the repair and replacement of property damaged as 
a result of major disasters. The SBA funds will be used to provide low-
interest loans to individuals and businesses located in areas affected 
by recent disasters.
    This funding will ensure that FEMA and SBA have sufficient resources 
to address the major disasters that have occurred this year, including 
the civil disturbance in Los Angeles and the flood in Chicago. I am 
pleased that the Congress provided these funds under terms and 
conditions that are acceptable to the Administration.
    Funds provided by H.R. 5132 for the Department of Labor's summer 
youth jobs program represent a satisfactory compromise between the 
Congress and the Administration and will finance 414,000 summer jobs. I 
am particularly pleased that provisions of the Act give special weight 
to ensuring that this funding is targeted to the areas of greatest need, 
particularly the country's largest urban areas.
    In accordance with the applicable provisions of the Budget 
Enforcement Act of 1990, I am designating the following funding as 
emergency requirements:
    $300 million for FEMA disaster assistance;
    $500 million for the summer youth jobs program; and
    $143.8 million for SBA disaster loans.
    The Act also provides nonemergency supplemental funding for SBA's 
business loan program, the cost of which is fully offset. These funds 
will provide up to $1.45 billion in loan guarantees for qualified small 
businesses. This additional funding will ensure that sufficient 
resources remain available for this program throughout the remainder of 
fiscal year 1992.

                                                             George Bush

The White House,
June 22, 1992.

                    Note: H.R. 5132, the Dire Emergency Supplemental 
                        Appropriations Act, 1992, for Disaster 
                        Assistance To Meet Urgent Needs Because of 
                        Calamities Such as Those Which Occurred in Los 
                        Angeles and Chicago, approved June 22, was 
                        assigned Public Law No. 102-302.