S. 2986Senate111th Congress (2009-2011)In Committee

Southeast Hurricanes Small Business Disaster Relief Act of 2010

Introduced February 4, 2010

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S486)

February 4, 2010

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SenateIntro Referral

Introduced in Senate

February 4, 2010

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S485-486)

February 4, 2010

SenateIntro Referral

Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S486)

February 4, 2010

Floor Debate

10 members

What members said about S. 2986 on the floor

4 Republicans6 Democrats
Mary L. Landrieu
Sen. Mary L. LandrieuD-LA · Feb 4, 2010

Mr. President, I come to the floor today to speak on an issue that is of great importance to my home State of Louisiana: disaster recovery from Hurricanes Katrina and Rita of 2005 and Hurricanes…

Susan M. Collins
Sen. Susan M. CollinsR-ME · Feb 4, 2010

Mr. President, the law granting the Federal Government, for the first time, the authority to regulate the security of the nation's highest risk chemical facilities is due to expire at the end of this…

Mary L. Landrieu
Sen. Mary L. LandrieuD-LA · Feb 4, 2010

Mr. President, I come to the floor today to speak on an issue that is of great importance to my home State of Louisiana: disaster recovery from Hurricanes Katrina and Rita of 2005 and Hurricanes…

Christopher J. Dodd
Sen. Christopher J. DoddD-CT · Feb 4, 2010

Mr. President, today I rise to introduce the Shaken Baby Syndrome Prevention Act of 2010, important legislation that promotes awareness and prevention of Shaken Baby Syndrome/Abusive Head Trauma, a…

Mark Udall
Sen. Mark UdallD-CO · Feb 4, 2010

Mr. President, today I am introducing a bill to improve the management our public lands by increasing the fines and penalties associated with violations of law--and regulation--governing the use of…

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Olympia J. Snowe
Sen. Olympia J. SnoweR-ME · Feb 4, 2010

Mr. President, as ranking Member of the Senate Committee on Small Business and Entrepreneurship, I rise today, along with Senator Landrieu, to introduce the Small Business Contracting Revitalization…

Jack Reed
Sen. Jack ReedD-RI · Feb 4, 2010

Mr. President, today I introduce the National Institute of Finance Act of 2010, which would create an Institute to provide our financial regulators with the data and analytic tools needed to prevent…

John McCain
Sen. John McCainR-AZ · Feb 4, 2010

Mr. President, today I am pleased to introduce the Dietary Supplement Safety Act of 2010 with my colleague Senator Dorgan. This bill would strengthen the Food and Drug Administration's, FDA,…

Sherrod Brown
Sen. Sherrod BrownD-OH · Feb 4, 2010

Mr. President, last month, the Supreme Court ruled that corporations, U.S. or multinational, are equivalent to people and should be able to spend an unlimited amount of company money on political…

Lamar Alexander
Sen. Lamar AlexanderR-TN · Feb 4, 2010

Mr. President, today Senator Carper and I have joined with Senators Klobuchar, Collins, Gregg, Kaufman, Graham, Feinstein, Shaheen, Schumer, Lieberman, and Snowe to introduce the Clean Air Act…

Benjamin L. Cardin
Sen. Benjamin L. CardinD-MD · Feb 4, 2010

Mr. President, I rise today to express my support for the International Violence Against Women Act, introduced today by Senators Kerry, Boxer, Snowe, and Collins. I am proud to be an original…

Bill Text

Latest available legislative text

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Latest
Introduced in SenateIssued February 4, 2010

II

111th CONGRESS

2d Session

S. 2986

IN THE SENATE OF THE UNITED STATES

February 4, 2010

Ms. Landrieu introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship

A BILL

To authorize the Administrator of the Small Business Administration to waive interest for certain loans relating to damage caused by Hurricane Katrina, Hurricane Rita, Hurricane Gustav, or Hurricane Ike.

1.

Short title

This Act may be cited as the Southeast Hurricanes Small Business Disaster Relief Act of 2010.

2.

Definitions

In this Act—

(1)

the terms Administration and Administrator mean the Small Business Administration and the Administrator thereof, respectively;

(2)

the term covered disaster loan means a loan—

(A)

made under section 7(b) of the Small Business Act (15 U.S.C. 636(b));

(B)

for damage or injury caused by Hurricane Katrina of 2005, Hurricane Rita of 2005, Hurricane Gustav of 2008, or Hurricane Ike of 2008; and

(C)

made to a business located in a declared disaster area;

(3)

the term declared disaster area means an area in the State of Louisiana, the State of Mississippi, or the State of Texas for which the President declared a major disaster under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5170) relating to Hurricane Katrina of 2005, Hurricane Rita of 2005, Hurricane Gustav of 2008, or Hurricane Ike of 2008;

(4)

the term program means the Southeast Hurricanes Small Business Disaster Relief Program established under section 3; and

(5)

the term small business concern has the meaning given that term under section 3(a) of the Small Business Act (15 U.S.C. 632(a)).

3.

Southeast Hurricanes Small Business Disaster Relief Program

(a)

Program established

Subject to the availability of appropriations, the Administrator shall establish a Southeast Hurricanes Small Business Disaster Relief Program, under which the Administrator may waive payment of interest by a business on a covered disaster loan—

(1)

for not more than 3 years; and

(2)

in a total amount of not more than $15,000.

(b)

Priority of applications

The Administrator shall, to the extent practicable, give priority to an application for a waiver of interest under the program by a small business concern—

(1)

with not more than 50 employees; or

(2)

that resumed business operations in—

(A)

a declared disaster area relating to Hurricane Katrina of 2005 or Hurricane Rita of 2005, during the period beginning on September 1, 2005, and ending on October 1, 2006; or

(B)

a declared disaster area relating to Hurricane Gustav of 2008 or Hurricane Ike of 2008, during the period beginning on September 1, 2008, and ending on January 1, 2009.

(c)

Termination of program

The Administrator may not approve an application under the program after December 31, 2010.

4.

Authorization of appropriations

There are authorized to be appropriated to the Administrator such sums as may be necessary to carry out this Act.