SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Disaster Loan Fair-
ness Act of 2012’’. 
SEC. 2. INTEREST RATE FOR CERTAIN DISASTER RELATED 
LOANS. 
Section 7(d) of the Small Business Act is amended 
by adding at the end the following: 
‘‘(8)(A) Upon application, the Administration shall 
grant an interest rate determined under this paragraph 
with respect to any qualifying disaster loan. 
‘‘(B) For the purposes of this paragraph a qualifying 
disaster loan is the Administration’s share of a loan— 
‘‘(i) for which the interest rate would be set 
pursuant to paragraph (5) but for the operation of 
this paragraph; 
‘‘(ii) which is or was made with respect to activ-
ity in an area when the President has declared a 
major disaster in that area under section 401 of the 
Stafford Act; and 
‘‘(iii) which is or was made during the period 
beginning January 1, 2011, and ending on the date 
that is 4 years after the date of the enactment of 
the Disaster Loan Fairness Act of 2012. 
‘‘(C) The Administrator shall determine the interest 
rate for each calendar year to be the lesser of— 
‘‘(i) 4 percent; and
‘‘(ii) a rate equivalent to 1⁄2 the rate prevailing 
in the private market for similar loans for those un-
able to attain credit elsewhere and 
3⁄4 of that pre-
vailing rate for those able to attain credit elsewhere. 
‘‘(D) The Administrator shall refund excess interest 
payments to borrowers whose interest rate on already 
made loans is lowered by reason of the operation of the 
paragraph. 
‘‘(E) Not later than one year after the date of the 
enactment of the Disaster Loan Fairness Act of 2012, the 
Administrator shall report to Congress as part of the an-
nual report under Section 10(a) on whether the interest 
rate provided by this paragraph has resulted in any or 
all of the following: 
‘‘(i) A greater number of applications for dis-
aster related loans. 
‘‘(ii) A greater number of approvals of disaster 
related loans. 
‘‘(iii) A decreased default rate on disaster re-
lated loans.’’. 
SEC. 3. TERMINATION OF USE OF PUBLIC FUNDS FOR PO-
LITICAL PARTY NOMINATING CONVENTIONS. 
Section 9008 of the Internal Revenue Code of 1986 
is amended by adding at the end the following new sub-
section:
‘‘(i) TERMINATION OF USE OF FUNDS FOR CONVEN-
TIONS.—Notwithstanding any other provision of this sec-
tion, in the case of any presidential election held after 
2012— 
‘‘(1) the Secretary shall not make any pay-
ments under subsection (b)(3) to any national com-
mittee of a major party or minor party; 
‘‘(2) on November 1 of the year prior to the 
year in which the election is held, the Secretary shall 
determine— 
‘‘(A) in the case of the first such election, 
the amount which is equal to the aggregate 
amount of the payments which were made 
under subsection (b)(3) to the national commit-
tees of a major party or minor party for the 
presidential election held in 2012, adjusted in 
the manner described in subsection (b)(5), or 
‘‘(B) in the case of any subsequent elec-
tion, the amount which is equal to the amount 
determined under subparagraph (A), adjusted 
in the manner described in subsection (b)(5); 
and 
‘‘(3) at the time the Secretary makes the deter-
mination under paragraph (2), an amount equal to 
the amount determined under paragraph (2) shall be
permanently rescinded from the fund and returned 
to the general fund.’’. 
Passed the House of Representatives September 19, 
2012. 
Attest: 
Clerk.