I 

116TH CONGRESS 

1ST SESSION H. R. 2018 

To amend the Small Business Act to allow small business concerns, homeowners, or nonprofit entities to use certain Superstorm Sandy grant 

funds or other disaster assistance received to repay certain disaster 

assistance provided by the Small Business Administration, and for other 

purposes. 

IN THE HOUSE OF REPRESENTATIVES 

APRIL 1, 2019 

Mr. SMITH of New Jersey introduced the following bill; which was referred 

to the Committee on Small Business, and in addition to the Committees 

on Financial Services, and Transportation and Infrastructure, 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 allow small business 

concerns, homeowners, or nonprofit entities to use certain Superstorm Sandy grant funds or other disaster 

assistance received to repay certain disaster assistance 

provided by the Small Business Administration, 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. SHORT TITLE. 

2 This Act may be cited as the ‘‘Equity for Disaster 

3 Victims Act of 2019’’. 

4 SEC. 2. USE OF CERTAIN SUPERSTORM SANDY GRANT 

5 FUNDS FOR REPAYMENT OF CERTAIN DIS6 ASTER ASSISTANCE PROVIDED BY THE 

7 SMALL BUSINESS ADMINISTRATION. 

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

9 636(f)) (relating to additional requirements for 7(b) loans) 

10 is amended by adding at the end the following new para11 graph: 

12 ‘‘(2) SUPERSTORM SANDY CDBG–DR GRANT

13 FUNDS.— 

14 ‘‘(A) IN GENERAL.— 

15 ‘‘(i) LOANS TO REPAIR, REHABILI16 TATE, OR REPLACE REAL PROPERTY.—A 

17 small business concern, homeowner, or 

18 nonprofit entity that received a loan pursu19 ant to subsection (b)(1)(A) for the purpose 

20 of repairing, rehabilitating, or replacing 

21 real property damaged or destroyed by or 

22 as a result of Superstorm Sandy may re23 ceive Superstorm Sandy CDBG–DR grant 

24 funds only if such grant funds will be used 

25 to repay the principal and any interest ac26 crued on the loan. 


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1 ‘‘(ii) LOANS TO REFINANCE A MORT2 GAGE.—A small business concern, home3 owner, or nonprofit entity that received a 

4 loan pursuant to subsection (b)(1)(B) to 

5 refinance a mortgage or other lien against 

6 a home or business concern that was to7 tally destroyed or substantially damaged by 

8 or as a result of Superstorm Sandy may 

9 receive Superstorm Sandy CDBG–DR 

10 grant funds only if the amount of such 

11 grant funds will be used to repay the 

12 amount received under such subsection 

13 (b)(1)(B). 

14 ‘‘(iii) ADDITIONAL DISASTER ASSIST15 ANCE.—A small business concern, home16 owner, or nonprofit entity that received ad17 ditional disaster assistance pursuant to 

18 subsection (b)(9) for a loan described in 

19 clause (i) or the refinancing described in 

20 clause (ii) may receive Superstorm Sandy 

21 CDBG–DR grant funds only if such grant 

22 funds will be used— 

23 ‘‘(I) to repay the principal and 

24 any interest accrued on a loan de25 scribed in clause (i); or 


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1 ‘‘(II) to repay the amount re2 ceived from a loan described in clause 

3 (ii). 

4 ‘‘(B) DEFINITION.—The term ‘Superstorm 

5 Sandy CDBG–DR grant funds’ means amounts 

6 made available by the Department of Housing 

7 and Urban Development under the heading ‘De8 partment of Housing and Urban Develop9 ment—Community Planning and Develop10 ment—Community Development Fund’ in title 

11 X of the Disaster Relief Appropriations Act, 

12 2013 (division A of Public Law 113–2; 127 

13 Stat. 36) only for impacted and distressed areas 

14 resulting from a major disaster declared pursu15 ant to the Robert T. Stafford Disaster Relief 

16 and Emergency Assistance Act (42 U.S.C. 5121 

17 et seq.) due to Superstorm Sandy for activities 

18 authorized under title I of the Housing and 

19 Community Development Act of 1974 (42 

20 U.S.C. 5301 et seq.).’’. 


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1 SEC. 3. USE OF OTHER DISASTER ASSISTANCE FOR REPAY2 MENT OF CERTAIN DISASTER ASSISTANCE 

3 PROVIDED BY THE SMALL BUSINESS ADMIN4 ISTRATION. 

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

6 636(b)) is amended by inserting after paragraph (15) the 

7 following new paragraph: 

8 ‘‘(16) USE OF OTHER DISASTER ASSISTANCE.— 

9 As determined by the Administrator, a small busi10 ness concern, homeowner, or nonprofit entity who 

11 receives assistance pursuant to any other law (except 

12 for assistance received pursuant to the Robert T. 

13 Stafford Disaster Relief and Emergency Assistance 

14 Act (42 U.S.C. 5121 et seq.)) to repair, rehabilitate, 

15 or replace real property damaged or destroyed by or 

16 as a result of a major disaster declared by the Presi17 dent under section 401 of the Robert T. Stafford 

18 Disaster Relief and Emergency Assistance Act (42 

19 U.S.C. 5170) on or after the date of enactment of 

20 this paragraph may use such assistance to repay the 

21 principal and any interest accrued on a loan or the 

22 amount of other assistance received under this sub23 section.’’. 

24 SEC. 4. TREATMENT OF FUNDS. 

25 Notwithstanding the sixth and tenth provisos under 

26 the heading ‘‘Department of Housing and Urban DevelopVerDate Sep 11 2014 01:05 Apr 13, 2019 Jkt 089200 PO 00000 Frm 00005 Fmt 6652 Sfmt 6201 E:\BILLS\H2018.IH H2018

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1 ment—Community Planning and Development—Commu2 nity Development Fund’’ in title X of the Disaster Relief 

3 Appropriations Act, 2013 (division A of Public Law 113– 

4 2; 127 Stat. 37), to the extent that amounts are made 

5 available under such heading, the procedures preventing 

6 the duplication of benefits shall not apply with respect to 

7 such amounts used for the purposes of paragraph (2) of 

8 section 7(f) of the Small Business Act (15 U.S.C. 636(f)), 

9 as added by this Act. 

Æ 


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