SBA Disaster Loan Relief Act of 2010

SBA Disaster Loan Relief Act of 2010 - Directs the Administrator of the Small Business Administration (SBA) to issue regulations providing for the refinancing or consolidation, during the period beginning on April 22, 2010, and ending 180 days after the last date on which the SBA makes a loan to any person directly affected by the discharge of oil arising from the explosion on and sinking of the mobile offshore drilling unit Deepwater Horizon, of any SBA disaster loan made to such person.

[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5787 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 5787

  To provide for the refinancing and consolidation of disaster loans 
         under the Small Business Act, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 20, 2010

 Mr. Melancon introduced the following bill; which was referred to the 
                      Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
  To provide for the refinancing and consolidation of disaster loans 
         under the Small Business Act, and for other purposes.

    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 ``SBA Disaster Loan Relief Act of 
2010''.

SEC. 2. REFINANCING AND CONSOLIDATION OF DISASTER LOANS.

    (a) In General.--Not later than 30 days after the date of enactment 
of this Act, the Administrator of the Small Business Administration 
shall issue regulations providing for, during the period defined in 
subsection (b), the refinancing or consolidation of a loan under 
section 7(b) of the Small Business Act (15 U.S.C. 636(b)) made at any 
time to any person directly affected by the discharge of oil arising 
from the explosion on and sinking of the mobile offshore drilling unit 
Deepwater Horizon.
    (b) Period Defined.--The period defined in this subsection is the 
period beginning on April 22, 2010, and ending 180 days after the date 
that the Administrator determines to be the date that the Administrator 
last makes a loan under section 7(b) of the Small Business Act (15 
U.S.C. 636(b)) to any person directly affected by the discharge of oil 
arising from the explosion on and sinking of the mobile offshore 
drilling unit Deepwater Horizon.
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