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H.R. 277: ASCEND Act of 2019

The text of the bill below is as of Jan 8, 2019 (Introduced).


I

116th CONGRESS

1st Session

H. R. 277

IN THE HOUSE OF REPRESENTATIVES

January 8, 2019

(for herself and Mr. Chabot) introduced the following bill; which was referred to the Committee on Small Business

A BILL

To adjust collateral requirements under the Small Business Act for disaster loans, and for other purposes.

1.

Short title

This Act may be cited as the Access to Sufficient Capital for Everyone in Natural Disaster areas Act of 2019 or the ASCEND Act of 2019.

2.

Collateral requirements for disaster loans under the Small Business Act

(a)

Amendment to the RISE After Disaster Act of 2015

Section 2102 of the RISE After Disaster Act of 2015 (Public Law 114–88) is amended be striking subsections (b) and (c).

(b)

Effective date

The amendment made by subsection (a) shall take effect as though enacted as part of the RISE After Disaster Act of 2015.