S.Amdt. 4565

SA 4565. Mr. REED submitted an amendment intended to be proposed to
amendment SA 4519 proposed by Mr. Reid (for himself, Mr. Baucus, and
Ms. Landrieu) to the bill H.R. 5297, to create the Small Business
Lending Fund Program to direct the Secretary of the Treasury to make
capital investments in eligible institutions in order to increase the
availability of credit for small businesses, to amend the Internal
Revenue Code of 1986 to provide tax incentives for small business job
creation, and for other purposes; which was ordered to lie on the
table; as follows:

At the end of subtitle A of title IV, add the following:

SEC. 41__. ECONOMIC DEVELOPMENT ASSISTANCE PROGRAMS.

In chapter 2 of title I of the Act entitled ``An Act making
supplemental appropriations for the fiscal year ending
September 30, 2010, and for other purposes'', strike the
matter under the heading ``economic development assistance
programs'' under the heading ``Economic Development
Administration'' under the heading ``DEPARTMENT OF COMMERCE''
and insert the following:
``Pursuant to section 703 of the Public Works and Economic
Development Act of 1965 (42 U.S.C. 3233), for an additional
amount for `` `Economic Development Assistance Programs' '',
for necessary expenses relating to disaster relief, long-term
recovery, and restoration of infrastructure in areas affected
by flooding for which the President declared a major disaster
during the period beginning on March 29, 2010, and ending on
May 7, 2010, which included individual assistance for an
entire State or not fewer than 45 counties within a State
under title IV of the Robert T. Stafford Disaster Relief and
Emergency Assistance Act (42 U.S.C. 5170 et seq.),
$49,000,000, to remain available until expended: Provided,
That not more than 50 percent of the amount provided under
this heading shall be allocated to any State.''.

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