I 
114TH CONGRESS 
2D SESSION 
H. R. 5774 
To amend the Small Business Act to allow small business concerns, home-
owners, 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. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 13, 2016 
Mr. SMITH of New Jersey (for himself and Ms. VELA´ZQUEZ) introduced the 
following bill; which was referred to the Committee on Small Business, 
and in addition to the Committees on Financial Services, and Transpor-
tation and Infrastructure, for a period to be subsequently determined by 
the Speaker, in each case for consideration of such provisions as fall with-
in 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 cer-
tain Superstorm Sandy grant funds or other disaster 
assistance received to repay certain disaster assistance 
provided by the Small Business Administration. 
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 ‘‘Equity for Disaster 
Victims Act of 2016’’. 
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SEC. 2. USE OF CERTAIN SUPERSTORM SANDY GRANT 
FUNDS FOR REPAYMENT OF CERTAIN DIS-
ASTER 
ASSISTANCE 
PROVIDED 
BY 
THE 
SMALL BUSINESS ADMINISTRATION. 
Section 7(f) of the Small Business Act (15 U.S.C. 
636(f)) is amended by adding at the end the following new 
paragraph: 
‘‘(2) SUPERSTORM
SANDY
CDBG–DR
GRANT 
FUNDS.— 
‘‘(A) IN GENERAL.— 
‘‘(i) LOANS
TO
REPAIR, REHABILI-
TATE, OR REPLACE REAL PROPERTY.—A 
small business concern, homeowner, or 
nonprofit entity that received a loan pursu-
ant to subsection (b)(1)(A) for the purpose 
of repairing, rehabilitating, or replacing 
real property damaged or destroyed by or 
as a result of Superstorm Sandy may re-
ceive Superstorm Sandy CDBG–DR grant 
funds only if such grant funds will be used 
to repay the principal and any interest ac-
crued on the loan. 
‘‘(ii) LOANS TO REFINANCE A MORT-
GAGE.—A small business concern, home-
owner, or nonprofit entity that received a 
loan pursuant to subsection (b)(1)(B) to 
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refinance a mortgage or other lien against 
a home or business concern that was to-
tally destroyed or substantially damaged by 
or as a result of Superstorm Sandy may 
receive 
Superstorm 
Sandy 
CDBG–DR 
grant funds only if the amount of such 
grant funds will be used to repay the 
amount received under such subsection 
(b)(1)(B). 
‘‘(iii) ADDITIONAL DISASTER ASSIST-
ANCE.—A small business concern, home-
owner, or nonprofit entity that received ad-
ditional disaster assistance pursuant to 
subsection (b)(9) for a loan described in 
clause (i) or the refinancing described in 
clause (ii) may receive Superstorm Sandy 
CDBG–DR grant funds only if such grant 
funds will be used— 
‘‘(I) to repay the principal and 
any interest accrued on a loan de-
scribed in clause (i); or 
‘‘(II) to repay the amount re-
ceived from a loan described in clause 
(ii). 
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‘‘(B) DEFINITION.—The term ‘Superstorm 
Sandy CDBG–DR grant funds’ means amounts 
made available by the Department of Housing 
and Urban Development under the heading 
‘‘Department of Housing and Urban Develop-
ment—Community 
Planning 
and 
Develop-
ment—Community Development Fund’’ in title 
X of the Disaster Relief Appropriations Act, 
2013 (division A of Public Law 113–2; 127 
Stat. 36) only for impacted and distressed areas 
resulting from a major disaster declared pursu-
ant to the Robert T. Stafford Disaster Relief 
and Emergency Assistance Act (42 U.S.C. 5121 
et seq.) due to Superstorm Sandy for activities 
authorized under title I of the Housing and 
Community Development Act of 1974 (42 
U.S.C. 5301 et seq.).’’. 
SEC. 3. USE OF OTHER DISASTER ASSISTANCE FOR REPAY-
MENT OF CERTAIN DISASTER ASSISTANCE 
PROVIDED BY THE SMALL BUSINESS ADMIN-
ISTRATION. 
Section 7(b) of the Small Business Act (15 U.S.C. 
636(b)) is amended by inserting after paragraph (15) the 
following new paragraph: 
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‘‘(16) USE OF OTHER DISASTER ASSISTANCE.— 
As determined by the Administrator, a small busi-
ness concern, homeowner, or nonprofit entity who 
receives assistance pursuant to any other law to re-
pair, rehabilitate, or replace real property damaged 
or destroyed by or as a result of a major disaster 
declared by the President under the Robert T. Staf-
ford Disaster Relief and Emergency Assistance Act 
(42 U.S.C. 5121 et seq.) on or after the date of en-
actment of this paragraph may use such assistance 
to repay the principal and any interest accrued on 
a loan or the amount of other assistance received 
under this subsection.’’. 
Æ 
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