S.Amdt. 4364

SA 4364. Mr. WARNER submitted an amendment intended to be proposed to
amendment SA 4301 proposed by Mr. Baucus to the bill H.R. 4213, to
amend the Internal Revenue Code of 1986 to extend certain expiring
provisions, and for other purposes; which was ordered to lie on the
table; as follows:

At the end of title VI, insert the following:

SEC. 621. HOMEOWNERS AFFECTED BY TOXIC DRYWALL.

Section 7(b) of the Small Business Act (15 U.S.C. 636(b))
is amended by adding at the end the following:
``(10) Homeowners adversely affected by toxic drywall.--
``(A) Definition.--In this paragraph, the term `toxic
drywall' means drywall that the Consumer Product Safety
Commission determines is problem drywall.
``(B) In general.--The Administrator may make a loan to an
individual under this section, if the Adminstrator determines
that the primary residence of the individual has been
adversely affected by the installation of toxic drywall.
``(C) Permissible uses of loans.--A loan under this
paragraph may be used by an individual only for the repair or
replacement of toxic drywall in the primary residence of the
individual, or of components of the primary residence that
are directly affected by toxic drywall (including electrical
wiring), in accordance with guidance issued by a member
agency of the Federal Interagency Task Force on Problem
Drywall.''.

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