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