,,ii ,cal5d> ,no4 #afa #aac? ,,congress #a/ ,session ,s4 #dae ,report ,no4 #aac-hd ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,febru>y #bh1 #bjac ,ms4 ,l&rieu 7= h]self1 ,mr4 ,co*ran1 ,mrs4 ,gillibr&1 ,mr4 ,pryor1 ,mr4 ,wick]1 ,mr4 ,c>d91 ,ms4 ,heitkamp1 & ,mr4 ,hoev57 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ,july #ca1 #bjac ,report$ by ,ms4 ,l&rieu1 ) an am5dm5t ,ins]t ! "p pr9t$ 9 italic ,a ,,bill ,to cl>ify ! collat]al requirem5t = c]ta9 loans "u section #g7;d7 ( ! ,small ,bus9ess ,act1 to address assi/ance to out-(-,/ate small bus9ess conc]ns1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,small ,bus9ess ,disa/] ,re=m ,act ( #bjac4 #b4 ,cl>ification ( collat]al requirem5ts ,section #g7;d77#f7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;d77#f77 is am5d$ by ins]t+ aft] :i* are made "u p>agraph 7#a7 ( subsection 7b7 ! foll[+3 3 ,provid$ fur!r1 ,t ! ,adm9i/rator1 9 obta9+ ! be/ available collat]al = a loan ( n m ?an #bjj1jjj "u p>agraph 7#a7 or 7#b7 ( subsection 7b7 relat+ to damage to or de/ruction ( ! prop]ty (1 or economic injury to1 a small bus9ess conc]n1 %all n require ! own] ( ! small bus9ess conc]n to use ! prim>y resid5ce ( ! own] z collat]al if ! ,adm9i/rator det]m9es t ! own] has o!r assets ) a value equal to or great] ?an ! am\nt ( ! loan t c\ld be us$ z collat]al = ! loan3 ,provid$ fur!r1 ,t no?+ 9 ! prec$+ proviso may be con/ru$ to r$uce ! am\nt ( collat]al requir$ by ! ,adm9i/rator 9 connection ) a loan describ$ 9 ! prec$+ proviso or to modify ! /&>ds us$ to evaluate ! quality 7r ?an ! type7 ( su* collat]al4 #c4 ,assi/ance to out-(-,/ate small bus9esses ,section #ba7;b77#c7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdh7;b77#c77 is am5d$-- 7#a7 by /rik+ 7#c7 ,at ! discretion & ins]t+ ! foll[+3 7#c7 ,assi/ance to out-(-/ate small bus9esses 7,a7 ,9 g5]al ,at ! discretion 2 & 7#b7 by add+ at ! end ! foll[+3 7,b7 ,disa/] recov]y assi/ance 7i7 ,9 g5]al ,at ! discretion ( ! ,adm9i/rator1 ! ,adm9i/rator may au?orize a small bus9ess developm5t c5t] to provide assi/ance1 z describ$ 9 subsection 7c71 to a small bus9ess conc]n locat$ outside ( ! ,/ate1 )\t reg>d to geographic proximity1 if ! small bus9ess conc]n is locat$ 9 an area = :i* ! ,presid5t has decl>$ a major disa/] "u section #dja ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eagj71 dur+ ! p]iod ( ! decl>ation4 7ii7 ,cont9uity ( s]vices ,a small bus9ess developm5t c5t] t provides c\nselors to an area describ$ 9 clause 7i7 %all1 to ! maximum ext5t practicable1 ensure cont9uity ( s]vices 9 any ,/ate 9 :i* ! small bus9ess developm5t c5t] o!rwise provides s]vices4 7iii7 ,access to disa/] recov]y facilities ,= purposes ( ?is subp>agraph1 ! ,adm9i/rator %all1 to ! maximum ext5t practicable1 p]mit ! p]sonnel ( a small bus9ess developm5t c5t] to use any site or facility designat$ by ! ,adm9i/rator = use to provide disa/] recov]y assi/ance4 4 #d4 ,s5se ( ,congress ,x is ! s5se ( ,congress t1 subject to ! availability ( funds1 ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration %all1 to ! ext5t practicable1 ensure t a small bus9ess developm5t c5t] is appropriately reimburs$ = any legitimate exp5ses incurr$ 9 c>ry+ out activities "u section #ba7;b77#c77;,b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdh7;b77#c77;,b771 z add$ by ?is ,act4 #e4 ,increas$ ov]sight ( economic injury disa/] loans 7a7 ,9 g5]al ,section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77 is am5d$ by ins]t+ imm$iately aft] p>agraph 7#i77;,d77#c77;cc7 ! foll[+3 7#aj7 ,increas$ ov]sight ( economic injury disa/] loans ,! ,adm9i/rator %all increase ov]sight ( entities receiv+ loans "u p>agraph 7#b71 includ+-- 7,a7 r&om site visits to ensure borr[] eligibility & compliance ) requirem5ts e/abli%$ by ! ,adm9i/rator2 & 7,b7 r&om reviews ( ! use ( ! loan proce$s by an entity describ$ 9 p>agraph 7#b7 to ensure compliance ) requirem5ts e/abli%$ by ! ,adm9i/rator4 4 7b7 ,s5se ( ,congress relat+ to us+ exi/+ funds ,x is ! s5se ( ,congress t no additional ,f$]al funds %all be made available to c>ry out ! am5dm5ts made by ?is section4 #f4 ,r$uction ( pap]work burd5 7a7 ,s5se ( ,congress ,x is ! s5se ( ,congress t ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration %\ld-- 7#a7 r$uce pap]work burd5s pursuant to section #ceja ( title #dd1 ,unit$ ,/ates ,code1 on small bus9ess conc]ns apply+ = disa/] assi/ance "u section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b772 & 7#b7 ensure t ! application = disa/] assi/ance "u section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77 facilitates det]r+ & detect+ pot5tial incid5ts ( wa/e1 fraud1 & abuse4 7b7 ,r$uction ,section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77 is am5d$ by ins]t+ imm$iately aft] p>agraph 7#aj71 z add$ by ?is ,act1 ! foll[+3 7#aa7 ,pap]work r$uction ,! ,adm9i/rator %all take /eps to r$uce1 to ! maximum ext5t practicable1 ! pap]work associat$ ) ! application = a loan "u ?is subsection4 4 #g4 ,report on web portal = disa/] loan applicants ,section #ch ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #feg;j7 is am5d$ by add+ at ! end ! foll[+3 7c7 ,report on web portal = disa/] loan application /atus 7#a7 ,9 g5]al ,n lat] ?an #ij days aft] ! date ( enactm5t ( ?is subsection1 ! ,adm9i/rator %all submit to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives a report relat+ to ! creation ( a web portal to ! track ! /atus ( applications = disa/] assi/ance "u section #g7;b74 7#b7 ,cont5ts ,! report "u p>agraph 7#a7 %all include-- 7,a7 in=mation on ! progress ( ! ,adm9i/ration 9 implem5t+ ! in=mation sy/em "u subsection 7a72 7,b7 recomm5dations f ! ,adm9i/ration relat+ to ! creation ( a web portal = applicants to *eck ! /atus ( an application = disa/] assi/ance "u section #g7;b71 includ+ a review ( be/ practices & web portal models f ! private sector2 7,c7 in=mation on any relat$ co/s or /aff+ ne$$ to implem5t su* a web portal2 7,d7 in=mation on :e!r su* a web portal c ma9ta9 high /&>ds = data privacy & data security2 7,e7 in=mation on :e!r su* a web portal w m9imize r$undancy among ,adm9i/ration disa/] programs1 improve managem5t ( ! numb] ( inquiries made by disa/] applicants to employees locat$ 9 ! area affect$ by ! disa/] & to call c5t]s1 & r$uce pap]work burd5s on disa/] victims2 & 7,f7 su* additional in=mation z is det]m9$ necess>y by ! ,adm9i/rator4 4 ,july #ca1 #bjac ,report$ ) an am5dm5t