H. R. 277
IN THE HOUSE OF REPRESENTATIVES
January 8, 2019
Ms. Velázquez (for herself and Mr. Chabot) introduced the following bill; which was referred to the Committee on Small Business
To adjust collateral requirements under the Small Business Act for disaster loans, and for other purposes.
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.
Collateral requirements for disaster loans under the Small Business Act
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).
The amendment made by subsection (a) shall take effect as though enacted as part of the RISE After Disaster Act of 2015.