In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

SECTION 1. SHORT TITLE.

This Act may be cited as the ''Small Business Emergency Fuel
Assistance Act of 2007''.

SEC. 2. EMERGENCY FUEL ASSISTANCE PROGRAM.

There is established within the Economic Development Administration
of the Department of Commerce, an emergency assistance program for
small businesses and small farms dependent on fuel.

SEC. 3. PRESIDENTIAL DECLARATION OF ENERGY EMERGENCY.

(a) In General.--If the President determines that the health,
safety, welfare, or economic well-being of the citizens of the United
States is at risk because of a shortage or imminent shortage of
adequate supplies of crude oil, gasoline or petroleum distillates due
to a disruption in the national distribution system for crude oil,
gasoline or petroleum distillates (including such a shortage related to
a major disaster (as defined in section 102(2) of the Robert T.
Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C.
5122(2)))), or significant pricing anomalies in national energy markets
for crude oil, gasoline, or petroleum distillates, the President may
declare that a Federal energy emergency exists.
(b) Scope and Duration.--The emergency declaration declared
pursuant to subsection (a) shall specify--
(1) the period, not to exceed 30 days, for which the
declaration applies;
(2) the circumstance or condition necessitating the
declaration;
(3) the area or region to which it applies which may not be
limited to a single State; and
(4) the product or products to which it applies.
(c) Extensions.--The President may--
(1) extend a declaration under subsection (a) for a period
of not more than 30 days;
(2) extend such a declaration more than once; and
(3) discontinue such a declaration before its expiration.

SEC. 4. AUTHORIZATION OF GRANTS.

(a) In General.--During any energy emergency declared by the
President under section 3, the Secretary of Commerce is authorized to
award grants to States under a declaration of fuel supply interruption
in accordance with this Act.
(b) Allocation Formula.--Subject to subsection (c), the Secretary
shall award grants to States, in accordance with an allocation formula
established by the Secretary, that is based on the pro rata share of
each State of the total need among all States, as applicable, for
emergency assistance for fuel interruption, as determined on the basis
of--
(1) the number and percentage of qualifying small
businesses and small farms operating within a State;
(2) the increase in price of fuel in a State; and
(3) such other factors as the Secretary determines to be
appropriate.
(c) State Allocation Plan.--Each State shall establish, after
giving notice to the public, an opportunity for public comment, and
consideration of public comments received, an allocation plan for the
distribution of financial assistance under this section, which shall be
submitted to the Secretary and shall be made available to the public by
the State, and shall include--
(1) application requirements for qualifying small
businesses and small farms seeking to receive financial
assistance under this section, including a requirement that
each application include--
(A) demonstration of need for assistance under this
section;
(B) a plan to decrease the total commercial energy
usage of the small business through energy efficiency
measures, such as those promoted through the Energy
Star Program; and
(C) if a small business or small farm has
previously received assistance under this section,
evidence that the small business or small farm has
implemented the plan previously documented under
subparagraph (B); and
(2) factors for selecting among small businesses and small
farms that meet the application requirements, with preference
given to small businesses and small farms based on the
percentage of operating costs expended on fuel.

SEC. 5. ELIGIBILITY.

A small business or small farm is eligible for a grant under this
Act if--
(a) the average gross receipts of the small business or small farm
for the 3 preceding taxable years does not exceed $5,000,000; or
(b) the small business or small farm employed an average of more
than 1 and fewer than 50 qualified employees on business days during
the preceding taxable year.

SEC. 6. DEFINED TERM.

In this Act, the term ''aggregate gross assets'' has the meaning
given such term in section 1202(d)(2) of the Internal Revenue Code of
1986.

SEC. 7. AUTHORIZATION OF APPROPRIATIONS.

There are authorized to be appropriated to the Department of
Commerce $100,000,000 for each of the fiscal years 2008 through 2012 to
carry out this Act.
Small Business Emergency Fuel Assistance Act of 2007 - Establishes within the Economic Development Administration of the Department of Commerce an emergency assistance program for small businesses and small farms dependent on fuel.

Authorizes the President to declare a federal energy emergency if the health, safety, welfare, or economic well-being of U.S. citizens is at risk because of an imminent or actual shortage of adequate supplies of crude oil, gasoline or petroleum distillates owing to: (1) a disruption in the national distribution system for such distillates (including a shortage related to a major disaster); or (2) significant pricing anomalies in national energy markets for them.

Authorizes the Secretary of Commerce to award grants to states under a presidential declaration of fuel supply interruption.