Small Business Disaster Reform Act of 2013 - Amends the Small Business Act with respect to obtaining the best available collateral for a disaster loan of not more than $200,000 relating to damage to or destruction of the property of, or economic injury to, a small business concern. Prohibits the Administrator of the Small Business Administration (SBA), in obtaining such collateral, from requiring the small business owner to use the owner's primary residence as collateral if the owner has other assets with a value equal to or greater than the loan amount that could be used as collateral for the loan.
Allows the Administrator to authorize a Small Business Development Center (SBDC) to provide assistance to small businesses outside the state of that SBDC, without regard to geographical proximity, if the small business is in an area for which the President has declared a major disaster.
Expresses the sense of Congress that the Administrator shall ensure that a SBDC is appropriately reimbursed for any legitimate expenses in carrying out such assistance.
[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1974 Introduced in House (IH)]
113th CONGRESS
1st Session
H. R. 1974
To clarify the collateral requirement for certain loans under section
7(d) of the Small Business Act, to address assistance to out-of-State
small business concerns, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
May 14, 2013
Mr. Murphy of Florida (for himself, Mr. Mulvaney, Ms. Chu, Mr. Coffman,
Mr. Deutch, Mr. King of New York, Mr. Payne, Mr. Nunnelee, and Mr.
Richmond) introduced the following bill; which was referred to the
Committee on Small Business
_______________________________________________________________________
A BILL
To clarify the collateral requirement for certain loans under section
7(d) of the Small Business Act, to address assistance to out-of-State
small business concerns, 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 ``Small Business Disaster Reform Act
of 2013''.
SEC. 2. CLARIFICATION OF COLLATERAL REQUIREMENTS.
Section 7(d)(6) of the Small Business Act (15 U.S.C. 636(d)(6)) is
amended by inserting after ``which are made under paragraph (1) of
subsection (b)'' the following: ``: Provided further, That the
Administrator, in obtaining the best available collateral for a loan of
not more than $200,000 under paragraph (1) or (2) of subsection (b)
relating to damage to or destruction of the property of, or economic
injury to, a small business concern, shall not require the owner of the
small business concern to use the primary residence of the owner as
collateral if the Administrator determines that the owner has other
assets with a value equal to or greater than the amount of the loan
that could be used as collateral for the loan: Provided further, That
nothing in the preceding proviso may be construed to reduce the amount
of collateral required by the Administrator in connection with a loan
described in the preceding proviso or to modify the standards used to
evaluate the quality (rather than the type) of such collateral''.
SEC. 3. ASSISTANCE TO OUT-OF-STATE SMALL BUSINESSES.
Section 21(b)(3) of the Small Business Act (15 U.S.C. 648(b)(3)) is
amended--
(1) by striking ``(3) At the discretion'' and inserting the
following:
``(3) Assistance to out-of-state small businesses.--
``(A) In general.--At the discretion''; and
(2) by adding at the end the following:
``(B) Disaster recovery assistance.--
``(i) In general.--At the discretion of the
Administrator, the Administrator may authorize
a small business development center to provide
assistance, as described in subsection (c), to
a small business concern located outside of the
State, without regard to geographic proximity,
if the small business concern is located in an
area for which the President has declared a
major disaster under section 401 of the Robert
T. Stafford Disaster Relief and Emergency
Assistance Act (42 U.S.C. 5170), during the
period of the declaration.
``(ii) Continuity of services.--A small
business development center that provides
counselors to an area described in clause (i)
shall, to the maximum extent practicable,
ensure continuity of services in any State in
which the small business development center
otherwise provides services.
``(iii) Access to disaster recovery
facilities.--For purposes of this subparagraph,
the Administrator shall, to the maximum extent
practicable, permit the personnel of a small
business development center to use any site or
facility designated by the Administrator for
use to provide disaster recovery assistance.''.
SEC. 4. SENSE OF CONGRESS.
It is the sense of Congress that, subject to the availability of
funds, the Administrator of the Small Business Administration shall, to
the extent practicable, ensure that a small business development center
is appropriately reimbursed for any legitimate expenses incurred in
carrying out activities under section 21(b)(3)(B) of the Small Business
Act (15 U.S.C. 648(b)(3)(B)), as added by this Act.
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Introduced in House
Introduced in House
Referred to the House Committee on Small Business.
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