(1) in paragraph (1)(C)— 
(A) by striking ‘‘during fiscal years 2000 
through 2004, to establish a predisaster mitiga-
tion program’’ and inserting ‘‘to establish a 
pre-disaster mitigation program’’; 
(B) by inserting ‘‘in accordance with para-
graph (16) and’’ before ‘‘as the Administrator 
may’’; 
(C) by striking ‘‘to enable small busi-
nesses’’ and inserting ‘‘to small business con-
cerns to enable those concerns’’; and 
(D) by striking ‘‘in support of a formal’’ 
and all that follows through the semicolon at 
the end and inserting ‘‘to protect the commer-
cial real estate, equipment, inventory, supplies, 
and materials of those concerns from damages 
related to disasters;’’; and 
(2) by inserting after paragraph (15) the fol-
lowing: 
‘‘(16) PRE-DISASTER
MITIGATION
PROGRAM 
LOANS.— 
‘‘(A) LOAN CAP.—The aggregate amount 
of loans made under the pre-disaster mitigation 
program under paragraph (1)(C) to a borrower 
may not exceed $500,000. 
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‘‘(B) OUTREACH.—In carrying out the pre- 
disaster mitigation program under paragraph 
(1)(C), the Administrator shall— 
‘‘(i) establish an advertising and out-
reach program to help small business con-
cerns understand the value of mitigation 
and that the pre-disaster mitigation pro-
gram is available for that purpose; 
‘‘(ii) conduct outreach campaigns to 
small business concerns regarding the pre- 
disaster mitigation program, including— 
‘‘(I) advertising to educate those 
concerns on the importance of disaster 
mitigation; and 
‘‘(II) campaigns to promote par-
ticipation in the program by small 
business concerns located in economi-
cally depressed areas; 
‘‘(iii) provide technical assistance to 
applicants, including instructions on how 
to participate in the pre-disaster mitigation 
program, assistance in preparing applica-
tions, and expertise on best practices for 
projects; and 
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‘‘(iv) provide detailed information on 
the purposes for which funds from loans 
made under the pre-disaster mitigation 
program may be used. 
‘‘(C) RESERVATION OF FUNDS.—Not more 
than 4 percent of the funds made available to 
the Administrator to carry out the pre-disaster 
mitigation program under paragraph (1)(C) 
may be reserved by the Administrator for— 
‘‘(i) the administrative costs of the 
program; and 
‘‘(ii) the activities described in sub-
paragraph (B). 
‘‘(D) GUIDANCE.—The Administrator shall 
issue guidance to ensure that borrowers pur-
chase and maintain adequate insurance cov-
erage over the duration of a loan obtained 
under the pre-disaster mitigation program 
under paragraph (1)(C).’’. 
(b) AUTHORIZATION OF APPROPRIATIONS.—Section 
20(c) of the Small Business Act (15 U.S.C. 631 note) is 
amended to read as follows: 
‘‘(c) PRE-DISASTER MITIGATION PROGRAM.—There 
is authorized to be appropriated for the purpose of car-
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rying out the program established under section 
7(b)(1)(C) the following amounts: 
‘‘(1) $25,000,000 for fiscal year 2022. 
‘‘(2) $25,000,000 for fiscal year 2023. 
‘‘(3) $25,000,000 for fiscal year 2024. 
‘‘(4) $25,000,000 for fiscal year 2025. 
‘‘(5) $25,000,000 for fiscal year 2026.’’. 
(c) PROGRAM EVALUATION.—Not later than 1 year 
after the date of enactment of this Act, and annually 
thereafter, the Administrator of the Small Business Ad-
ministration shall submit to the Committee on Small Busi-
ness and Entrepreneurship of the Senate and the Com-
mittee on Small Business of the House of Representatives 
a report on the pre-disaster mitigation program under sec-
tion 7(b)(1)(C) of the Small Business Act (15 U.S.C. 
636(b)(1)(C)), as amended by this Act, including— 
(1) a list of the geographic areas in which re-
cipients of loans under the program are located; 
(2) the types of mitigation projects that were 
funded; 
(3) the number and dollar value of the loans 
made under the program; 
(4) the estimated aggregate value resulting 
from the use of mitigation techniques funded by 
loans made under the program, including— 
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(A) the lost productivity and expenses that 
were avoided; and 
(B) the estimated amount saved by the 
Federal Government; 
(5) the information required by paragraph (4) 
disaggregated by region, by State, and by industry; 
and 
(6) the estimated dollar value of loans that 
would have been made under section 7(b)(1)(A) of 
the Small Business Act (15 U.S.C. 636(b)(1)(A)) 
without the loans made under the program. 
(d) INITIAL REPORTING ON PILOT PROGRAM.—Not 
later than 60 days after the date of enactment of this Act, 
the Administrator of the Small Business Administration 
shall submit to the Committee on Small Business and En-
trepreneurship of the Senate and the Committee on Small 
Business of the House of Representatives— 
(1) a description of and all related materials for 
outreach advertising campaign efforts made during 
the duration of the pre-disaster mitigation pilot pro-
gram of the Small Business Administration; 
(2) information on how the Small Business Ad-
ministration appropriately staffed the Office of Dis-
aster Assistance to carry out the pilot program de-
scribed in paragraph (1); and 
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(3) the amount of the budget of the pilot pro-
gram described in paragraph (1) that was used for 
outreach advertising campaign efforts. 
(e) APPLICABILITY.—The amendments made by this 
section shall apply only with respect to loans made under 
section 7(b)(1)(C) of the Small Business Act (15 U.S.C. 
636(b)(1)(C)), as amended by this Act, on or after the 
date of enactment of this Act. 
SEC. 3. INCREASE IN ALLOWABLE AMOUNT OF PHYSICAL 
DISASTER LOAN FOR MITIGATION. 
Section 7(b)(1)(A) of the Small Business Act (15 
U.S.C. 636(b)(1)(A)) is amended, in the second proviso, 
by striking ‘‘20 per centum’’ and inserting ‘‘30 percent’’. 
Æ 
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