    [United States Statutes at Large, Volume 133, 116th Congress, 1st Session]
    [From the U.S. Government Publishing Office, www.gpo.gov]

    Public Law 116-70
    116th Congress

    An Act

    To extend the sunset for collateral requirements for Small Business
    Administration disaster loans. <>

    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

    [[Page 1146]]

    2102(a) of the RISE After Disaster Act of 2015 (Public Law 114-
    88; 129 Stat. 690).

    Approved November 22, 2019.

    LEGISLATIVE HISTORY--S. 862:
    ---------------------------------------------------------------------------

    CONGRESSIONAL RECORD, Vol. 165 (2019):
    Aug. 1, considered and passed Senate.
    Nov. 20, considered and passed House.