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[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5242 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 5242

To direct the Administrator of the Federal Emergency Management Agency 
to establish a disaster recovery assistance program for businesses, and 
                          for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                              May 6, 2010

 Mr. Courtney introduced the following bill; which was referred to the 
             Committee on Transportation and Infrastructure

_______________________________________________________________________

                                 A BILL

 
To direct the Administrator of the Federal Emergency Management Agency 
to establish a disaster recovery assistance program for businesses, and 
                          for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Business Disaster Recovery 
Assistance Act of 2010''.

SEC. 2. BUSINESS DISASTER RECOVERY ASSISTANCE PROGRAM.

    (a) Establishment.--Not later than 30 days after the date of 
enactment of this Act, the Administrator of the Federal Emergency 
Management Agency shall establish a program to assist covered entities 
affected by a major disaster.
    (b) Grant Authority.--In carrying out the program under subsection 
(a), the Administrator is authorized to make a grant to a covered 
entity to assist the following:
            (1) The repair or replacement of property owned by the 
        entity and damaged as a direct result of a major disaster, 
        including real estate, inventory, supplies, machinery, and 
        equipment.
            (2) The meeting of ordinary and necessary financial 
        obligations of the entity that, as a direct result of a major 
        disaster, might not otherwise be met.
    (c) Application Process.--The Administrator shall establish a 
process for the submission of applications for grants under subsection 
(b).
    (d) Grant Amount.--
            (1) In general.--A grant made to a covered entity under 
        subsection (b) shall be in an amount not exceeding $28,000.
            (2) Adjustment of limit.--The Administrator shall adjust 
        annually the limit established under paragraph (1) to reflect 
        changes in the Consumer Price Index for All Urban Consumers 
        published by the Department of Labor.
    (e) Relationship to Other Law.--Nothing in this section may be 
construed to prohibit a recipient of a grant under subsection (b) from 
receiving assistance under any other Federal law.
    (f) Definitions.--In this Act, the following definitions apply:
            (1) Covered entity.--The term ``covered entity'' means a 
        business or private nonprofit organization operating in an area 
        with respect to which the President declared, during the 60-day 
        period preceding the date the entity submitted an application 
        under subsection (c), a major disaster under section 401 of the 
        Robert T. Stafford Disaster Relief and Emergency Assistance Act 
        (42 U.S.C. 5170).
            (2) Major disaster.--The term ``major disaster'' has the 
        meaning given that term in section 102 of such Act (42 U.S.C. 
        5122).
                                 <all>
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