I 

115TH CONGRESS 

1ST SESSION H. R. 4368 

To amend the Small Business Act to require that community development 

block grant funds provided for the same purpose as assistance under 

certain disaster relief programs of the Small Business Act be used 

to repay such assistance, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

NOVEMBER 9, 2017 

Ms. VELA ́ZQUEZ introduced the following bill; which was referred to the Committee on Small Business, and in addition to the Committee on Financial 

Services, for a period to be subsequently determined by the Speaker, in 

each case for consideration of such provisions as fall within the jurisdiction of the committee concerned 

A BILL 

To amend the Small Business Act to require that community 

development block grant funds provided for the same 

purpose as assistance under certain disaster relief programs of the Small Business Act be used to repay such 

assistance, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 


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1 SECTION 1. USE OF CERTAIN DISASTER APPROPRIATIONS 

2 FOR REPAYMENT OF CERTAIN DISASTER AS3 SISTANCE PROVIDED BY THE SMALL BUSI4 NESS ADMINISTRATION. 

5 Section 7(f) of the Small Business Act (15 U.S.C. 

6 636(f)) is amended— 

7 (1) in the heading, by striking ‘‘7(B)’’ and in8 serting ‘‘CERTAIN’’; and 

9 (2) by adding at the end the following new 

10 paragraph: 

11 ‘‘(2) COMMUNITY DEVELOPMENT BLOCK GRANT

12 DISASTER RELIEF FUNDS.— 

13 ‘‘(A) LOANS INCLUDED.—A covered entity 

14 affected by a major disaster declared by the 

15 President under section 401 of the Robert T. 

16 Stafford Disaster Relief and Emergency Assist17 ance Act that received a loan pursuant to sub18 section (b) or subsection (a)(31)(H) may re19 ceive covered CDBG–DR funds, which funds 

20 may be used to repay the principal and any in21 terest accrued on the loan or the amount of 

22 other assistance received. 

23 ‘‘(B) USE OF OTHER DISASTER ASSIST24 ANCE.—As determined by the Administrator, a 

25 covered entity that receives covered CDBG–DR 

26 funds on or after the date of the enactment of 


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1 this paragraph may use such covered CDBG– 

2 DR funds to repay the principal and any inter3 est accrued on a loan or the amount of other 

4 assistance received under subsection (b). 

5 ‘‘(C) DEFINITIONS.—In this paragraph: 

6 ‘‘(i) COVERED CDBG–DR FUNDS.—The 

7 term ‘covered CDBG–DR funds’ means 

8 amounts made available for grants made 

9 under title I of the Housing and Commu10 nity Development Act of 1974 under an 

11 appropriations bill enacted with respect to 

12 a major disaster declared by the President 

13 under section 401 of the Robert T. Staf14 ford Disaster Relief and Emergency Assist15 ance Act for a particular fiscal year. 

16 ‘‘(ii) COVERED ENTITY.—The term 

17 ‘covered entity’ means— 

18 ‘‘(I) with respect to a loan made 

19 under subsection (a)(31)(H), a small 

20 business concern; 

21 ‘‘(II) with respect to a loan made 

22 under subsection (b)(1), a person; 

23 ‘‘(III) with respect to a loan 

24 made under subsection (b)(2), a small 

25 business concern, private nonprofit orVerDate Sep 11 2014 02:14 Nov 16, 2017 Jkt 079200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H4368.IH H4368

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1 ganization, or small agricultural coop2 erative; and 

3 ‘‘(IV) with respect to a loan 

4 made under subsection (b)(9), an eli5 gible small business concern.’’. 

Æ 


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