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H.R. 6641 (110th): Small Business Owner Disaster Relief Act of 2008


The text of the bill below is as of Jul 29, 2008 (Introduced).


I

110th CONGRESS

2d Session

H. R. 6641

IN THE HOUSE OF REPRESENTATIVES

July 29, 2008

(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

A BILL

To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to provide assistance to small business concerns.

1.

Short title

This Act may be cited as the Small Business Owner Disaster Relief Act of 2008.

2.

Disaster relief for small businesses

(a)

In general

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 and at 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 new subparagraph:

(C)

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.

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(b)

Conditions

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:

(4)

Conditions for assistance to private businesses

(A)

In general

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.

(B)

Other conditions

Contributions under paragraph (1)(C) shall be subject to the conditions under subsections (f), (g), (h), and (i) of section 408.

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