,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #dcfg  ,,in ,,the ,,house ,,of  
,,representatives  ,november #i1        
#bjag,ms4 ,velzquez introduced the      
following bill2 which was referred to   
the ,committee on ,small ,business  ,a  
,,bill  ,to amend the ,small ,business  
,act to provide guaranteed disaster     
loans to certain small business         
concerns1 and for other purposes4  #a4  
,short title ,this ,act may be cited as 
the ,small ,business ,emergency         
,disaster ,bridge ,loan ,act of #bjag4  
#b4 ,small business emergency bridge    
loan program ,section #g7;b7 of the     
,small ,business ,act 7#ae ,u4,s4,c4    
#fcf7;b77 is amended by inserting after 
paragraph 7#ae7 the following new       
paragraph3  7#af7 ,small business       
emergency bridge loan program  7,a7 ,in 
general ,the ,administrator may         
guarantee a bridge loan to a small      
business concern made by an eligible    
lender1 if such small business concern  
was located within an area and during   

the time period with respect to which-- 
7i7 a major disaster was declared by the
 ,president under section #dja of the   
,robert ,t4 ,stafford ,disaster ,relief 
and ,emergency ,assistance ,act 7#db    
,u4,s4,c4 #eagj72 or  7ii7 the          
,administrator determined a disaster    
occurred4  7,b7 ,procedures ,except as  
otherwise provided in this paragraph1 a 
bridge loan guarantee made under this   
paragraph shall be subject to the same  
requirements and procedures that are    
used to make loans pursuant to this     
subsection4  7,c7 ,use of funds ,a small
 business concern described in          
subparagraph 7,a7 may apply to the      
,administrator-- 7i7 for a bridge loan  
to repair or replace real property or   
property of the small business concern  
property damaged or destroyed by reason 
of such major disaster2 or  7ii7 if such
 a small business concern has suffered  
substantial economic injury by reason of
 such major disaster1 for a bridge loan 
to assist such a small business concern4

  7,d7 ,rate ,the ,administrator may    
guarantee not more than #ie percent of a
 bridge loan made under this paragraph4 
7,e7 ,requirements ,a bridge loan       
guaranteed under this subsection-- 7i7  
may not exceed #ej1jjj2  7ii7 shall be  
for a term of not more than #aj years2  
7iii7 during the #f-month period        
beginning on the date on which the      
bridge loan is disbursed1 the rate of   
interest on such loan shall be zero and 
the borrower shall not be required to   
make any payments on such bridge loan2  
and  7iv7 after such #f-month period1   
the rate of interest on such bridge loan
 shall be determined by the             
,administrator4  7,f7 ,underwriting ,an 
eligible lender shall use the procedures
 and forms of such eligible lender in   
making a bridge loan under this         
subsection4  7,g7 ,definitions ,in this 
paragraph3 7i7 ,bridge loan ,the term   
bridge loan means a loan made to a small
 business concern while the application 
of such concern for assistance under a  

disaster loan program is pending4  7ii7 
,disaster loan program ,the term        
disaster loan program means a program   
established under paragraphs 7#a71 7#b71
 or 7#i7 of this subsection4  7iii7     
,eligible lender ,the term eligible     
lender means a lender who is a community
 development financial institution1 as  
defined in section #ajc7e7 of the       
,riegle ,community ,development and     
,regulatory ,improvement ,act of #aiid  
7#ab ,u4,s4,c4 #dgjb7e77 or another     
lender that the ,administrator has      
determined is an appropriate lender4  4