H. R. 6641
IN THE HOUSE OF REPRESENTATIVES
July 29, 2008
Mr. King of Iowa (for himself, Mr. Latham, Mr. Loebsack, Mr. Boswell, and Mr. Braley of Iowa) introduced the following bill; which was referred to the Committee on Transportation and Infrastructure
To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to provide assistance to small business concerns.
This Act may be cited as the
Small Business Owner Disaster Relief
Act of 2008.
Disaster relief for small businesses
Paragraph (1) of
section 406(a) of the Robert T. Stafford Disaster Relief and Emergency
Assistance Act (42 U.S.C. 5172(a)) is amended by striking
the end of subparagraph (A), by striking the period at the end of subparagraph
(B) and inserting
; and, and by adding at the end the following
subject to paragraph (4), to a person that owns or operates a private business damaged or destroyed by a major disaster for the repair, restoration, reconstruction, or replacement of the facility and for the associated expenses incurred by the person.
Subsection (a) of section 406 of such Act is amended by redesignating paragraph (4) as paragraph (5) and by inserting after paragraph (3) the following new paragraph:
Conditions for assistance to private businesses
The President may make contributions under paragraph (1)(C) to any private business only if the business has employed an average of 25 or fewer employees during the 12-month period preceding the disaster.
Contributions under paragraph (1)(C) shall be subject to the conditions under subsections (f), (g), (h), and (i) of section 408.