S. 1440 — Introduced in Senate

II 113th CONGRESS 1st Session S. 1440 IN THE SENATE OF THE UNITED STATES August 1, 2013 Mr. Reid (for Ms. Landrieu) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship A BILL To amend the Small Business Act to allow the use of physical damage disaster loans for the construction of safe rooms. 1. Short title This Act may be cited as the Tornado Family Safety Act of 2013. 2. Use of physical damage disaster loans Section 7(b)(1)(A) of the Small Business Act (15 U.S.C. 636(b)(1)(A)) is amended— (1) by striking the Administration may increase and inserting the Administration may, subject to section 18(a), increase; and (2) by striking and modifying structures and inserting , and modifying structures (including construction of a safe room or similar storm shelter designed to protect property and occupants from tornadoes or other natural disasters).