To reauthorize and limit the pre-disaster mitigation program of the Small Business Administration, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill provides pre-disaster mitigation program Section 7(b) of the Small Business Act (15 U.S.C and defines 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. It relies on definition changes, appropriations, reporting requirements, and compliance mandates. The main policy areas are Finance, Native American Tribes, Criminal Justice, and Environment.
Who Benefits and How
Financial services firms and customers affected by the bill could face reduced risk, Disaster response agencies and disaster-affected communities could face reduced risk, and Businesses and employers affected by the bill could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Tribal governments and members affected by the bill would take on compliance duties, and Financial services firms and customers affected by the bill would take on compliance duties.
Key Provisions
- Provides pre-disaster mitigation program Section 7(b) of the Small Business Act (15 U.S.C.
- Defines 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...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill provides pre-disaster mitigation program Section 7(b) of the Small Business Act (15 U.S.C and defines 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.
Key Policy Areas
Finance, Native American Tribes, Criminal Justice, Environment
Primary Purpose
The bill provides pre-disaster mitigation program Section 7(b) of the Small Business Act (15 U.S.C and defines 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.
Policy Domains
Whole bill
Identified Gains
- Financial services firms and customers affected by the bill
- Disaster response agencies and disaster-affected communities
- Businesses and employers affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Tribal governments and members affected by the bill
- Financial services firms and customers affected by the bill
- Environmental and public health interests affected by the bill
- Businesses and employers affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Morelle (for himself and Mr. Stauber) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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