I
107TH CONGRESS
1ST SESSION
H. R. 3007
To provide economic relief to general aviation small business concerns that
have suffered substantial economic injury as a result of the terrorist
attacks perpetrated against the United States on September 11, 2001.
IN THE HOUSE OF REPRESENTATIVES
OCTOBER 3, 2001
Mr. SHUSTER (for himself, Mr. EHLERS, Mr. HAYES, Mr. BOSWELL, Mr. PE-
TERSON of Minnesota, Mr. LAMPSON, Mr. OTTER, Mrs. KELLY, and Mr.
DUNCAN) introduced the following bill; which was referred to the Com-
mittee on Small Business, and in addition to the Committee on Ways and
Means, for a period to be subsequently determined by the Speaker, in
each case for consideration of such provisions as fall within the jurisdic-
tion of the committee concerned
A BILL
To provide economic relief to general aviation small business
concerns that have suffered substantial economic injury
as a result of the terrorist attacks perpetrated against
the United States on September 11, 2001.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘General Aviation Small
Business Relief Act of 2001’’.
SEC. 2. SMALL BUSINESS ASSISTANCE.
(a) IN GENERAL.—Section 7(b) of the Small Busi-
ness Act (15 U.S.C. 636(b)) is amended by adding after
paragraph (3) the following:
‘‘(4) GENERAL AVIATION SMALL BUSINESS RE-
LIEF.—
‘‘(A) GRANT AND LOAN AUTHORITY.—Not-
withstanding any other provision of law, the
Administration—
‘‘(i) shall, upon application, make
grants to general aviation small business
concerns in an amount equal to the
amount of direct losses incurred by each
such small business concern beginning on
September 11, 2001, as a result of any
Federal ground stop order issued by the
Secretary of Transportation or any subse-
quent order which continues or renews
such a stoppage related to the terrorist at-
tacks occurring on September 11, 2001,
with respect to general aviation small busi-
ness concerns;
‘‘(ii) may make such loans (either di-
rectly or in cooperation with banks or
other lending institutions through agree-
ments to participate on an immediate or
deferred basis) to assist a small business
concern that—
‘‘(I) is a general aviation small
business concern; and
‘‘(II) has suffered or that is like-
ly to suffer as a result of the terrorist
attacks 
perpetrated 
against 
the
United States on September 11, 2001,
substantial economic injury that is not
incidental to the revenue of that small
business concern and is not com-
pensated for by insurance or other-
wise.
‘‘(B) TERMS.—With respect to a loan
under this paragraph—
‘‘(i) no interest rate shall apply to the
loan, and no interest shall accrue on the
loan, during the 1-year period beginning
on the date on which the loan is issued;
and
‘‘(ii) after the 1-year period described
in clause (i), the applicable interest rate
and other terms and conditions shall be
the same as the interest rate and other
terms and conditions as are applicable to
economic injury loans under paragraph
(2).
‘‘(D) NO
EFFECT
ON
LOAN
LIMITS.—A
grant or loan under this paragraph shall be in
addition to any other grant or loan made under
this Act, notwithstanding any limitation on the
amounts of such grants or loans under this Act.
‘‘(E) NO
DISASTER
DECLARATION
RE-
QUIRED.—For purposes of assistance under this
paragraph, no declaration of a disaster area
shall be required.
‘‘(F) DEFINITIONS.—In this paragraph—
‘‘(i) the term ‘general aviation small
business concern’ means a small business
concern that is a regular provider of gen-
eral aviation services, including aircraft
rentals and flight training instruction; and
‘‘(ii) the term ‘substantial economic
injury’ means an economic harm to a small
business concern that results in the inabil-
ity of the small business concern—
‘‘(I) to meet its obligations as
they mature;
‘‘(II) to pay its ordinary and nec-
essary operating expenses; or
‘‘(III) to market, produce, or pro-
vide a product or service ordinarily
marketed, produced, or provided by
the business concern.’’.
(b) CONFORMING AMENDMENTS.—Section 7(b) of
the Small Business Act (15 U.S.C. 636(b)) is amended—
(1) in the second undesignated paragraph fol-
lowing paragraph (4), as added by this section, by
striking ‘‘paragraphs (1), (2), and (4)’’ and insert-
ing ‘‘paragraphs (1) and (2)’’; and
(2) in subparagraph (E) of such undesignated
paragraph, by striking ‘‘paragraph (1), (2), or (4)’’
and inserting ‘‘paragraph (1) or (2)’’.
(c) AUTHORIZATION
OF APPROPRIATIONS.—There
are authorized to be appropriated to the Small Business
Administration, such sums as may be necessary to carry
out section 7(b)(4) of the Small Business Act, as added
by this section, including administrative expenses, to re-
main available until expended.
SEC. 3. DEFERMENT OF SMALL BUSINESS LOAN PAYMENTS.
(a) IN GENERAL.—Notwithstanding any other provi-
sion of law, payments on any loan issued to a general avia-
tion small business concern by the Small Business Admin-
istration shall be deferred with respect to principal and
interest, and no interest shall accrue with respect to such
loan, during the 1-year period following the date of enact-
ment of this Act.
(b) RESUMPTION OF PAYMENTS.—At the end of the
1-year period described in subsection (a), the payment of
periodic installments of principal and interest shall be re-
quired with respect to loans described in subsection (a),
in the same manner and subject to the same terms and
conditions as would otherwise be applicable to such loan.
(c) DEFINITION.—In this section, the term ‘‘general
aviation small business concern’’ has the same meaning
as in section 7(b)(4) of the Small Business Act, as added
by section 2 of this Act.
SEC. 4. EXTENSION OF DUE DATE FOR EXCISE TAX DEPOS-
ITS.
(a) EXTENSION OF DUE DATE FOR EXCISE TAX DE-
POSITS.—In the case of a general aviation small business
concern, any airline-related deposit required under section
6302 of the Internal Revenue Code of 1986 to be made
after September 10, 2001, and before November 15, 2001,
shall be treated for purposes of such Code as timely made
if such deposit is made on or before November 15, 2001.
If the Secretary of the Treasury so prescribes, the pre-
ceding sentence shall be applied by substituting for ‘‘No-
vember 15, 2001’’ each place it appears—
(1) ‘‘January 15, 2002’’; or
(2) such earlier date after November 15, 2001,
as the Secretary of the Treasury may prescribe.
(b) DEFINITIONS.—In this section—
(1) the term ‘‘general aviation small business
concern’’ has the same meaning as in section 7(b)(4)
of the Small Business Act, as added by section 2 of
this Act; and
(2) the term ‘‘airline-related deposit’’ means
any deposit of taxes imposed by subchapter C of
chapter 33 of the Internal Revenue Code of 1986
(relating to transportation by air).
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