,,ii  #aacth ,,congress  #ast ,session  
,s4 #dae  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #bh1 #bjac
 ,ms4 ,landrieu 7for herself1 ,mr4      
,cochran1 ,mrs4 ,gillibrand1 and ,mr4   
,pryor7 introduced the following bill2  
which was read twice and referred to the
 ,committee on ,small ,business and     
,entrepreneurship  ,a ,,bill  ,to       
clarify the collateral requirement for  
certain loans under section #g7;d7 of   
the ,small ,business ,act1 to address   
assistance to out-of-,state small       
business concerns1 and for other        
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,small ,business    
,disaster ,reform ,act of #bjac4  #b4   
,clarification of collateral            
requirements ,section #g7;d77#f7 of the 
,small ,business ,act 7#ae ,u4,s4,c4    
#fcf7;d77#f77 is amended by inserting   
after which are made under paragraph    
7#a7 of subsection 7b7 the following3 3 
,provided further1 ,that the            
,administrator1 in obtaining the best   

available collateral for a loan of not  
more than #bjj1jjj under paragraph 7#a7 
or 7#b7 of subsection 7b7 relating to   
damage to or destruction of the property
 of1 or economic injury to1 a small     
business concern1 shall not require the 
owner of the small business concern to  
use the primary residence of the owner  
as collateral if the ,administrator     
determines that the owner has other     
assets with a value equal to or greater 
than the amount of the loan that could  
be used as collateral for the loan3     
,provided further1 ,that nothing in the 
preceding proviso may be construed to   
reduce the amount of collateral required
 by the ,administrator in connection    
with a loan described in the preceding  
proviso or to modify the standards used 
to evaluate the quality 7rather than the
 type7 of such collateral4  #c4         
,assistance to out-of-,state small      
businesses ,section #ba7;b77#c7 of the  
,small ,business ,act 7#ae ,u4,s4,c4    
#fdh7;b77#c77 is amended--  7#a7 by     

striking 7#c7 ,at the discretion and    
inserting the following3  7#c7          
,assistance to out-of-state small       
businesses  7,a7 ,in general ,at the    
discretion  2 and  7#b7 by adding at the
 end the following3  7,b7 ,disaster     
recovery assistance  7i7 ,in general ,at
 the discretion of the ,administrator1  
the ,administrator may authorize a small
 business development center to provide 
assistance1 as described in subsection  
7c71 to a small business concern located
 outside of the ,state1 without regard  
to geographic proximity1 if the small   
business concern is located in an area  
for which the ,president has declared a 
major disaster under section #dja of the
 ,robert ,t4 ,stafford ,disaster ,relief
 and ,emergency ,assistance ,act 7#db   
,u4,s4,c4 #eagj71 during the period of  
the declaration4  7ii7 ,continuity of   
services ,a small business development  
center that provides counselors to an   
area described in clause 7i7 shall1 to  
the maximum extent practicable1 ensure  

continuity of services in any ,state in 
which the small business development    
center otherwise provides services4     
7iii7 ,access to disaster recovery      
facilities ,for purposes of this        
subparagraph1 the ,administrator shall1 
to the maximum extent practicable1      
permit the personnel of a small business
 development center to use any site or  
facility designated by the              
,administrator for use to provide       
disaster recovery assistance4  4  #d4   
,sense of ,congress ,it is the sense of 
,congress that1 subject to the          
availability of funds1 the              
,administrator of the ,small ,business  
,administration shall1 to the extent    
practicable1 ensure that a small        
business development center is          
appropriately reimbursed for any        
legitimate expenses incurred in carrying
 out activities under section           
#ba7;b77#c77;,b7 of the ,small ,business
 ,act 7#ae ,u4,s4,c4 #fdh7;b77#c77;,b771
 as added by this ,act4