,i  #aaeth ,,congress  #b;d ,session    
,h4 ,r4 #effi  ,,in ,,the ,,house ,,of  
,,representatives  ,may #a1 #bjah,ms4   
,velzquez 7for herself1 ,mr4 ,grijalva1 
,ms4 ,lee1 ,mr4 ,visclosky1 ,ms4        
,barragn1 ,mr4 ,gutirrez1 ,ms4          
,bordallo1 ,ms4 ,norton1 ,ms4           
,shea-,porter1 ,mr4 ,sires1 ,ms4 ,eddie 
,bernice ,johnson of ,texas1 ,mr4 ,scott
 of ,virginia1 ,ms4 ,mc,collum1 ,mrs4   
,watson ,coleman1 ,ms4 ,jackson ,lee1   
,mr4 ,mc,govern1 and ,mr4 ,espaillat7   
introduced the following bill2 which was
 referred to the ,committee on ,ways and
 ,means1 and in addition to the         
,committee on ,small ,business1 for a   
period to be subsequently determined by 
the ,speaker1 in each case for          
consideration of such provisions as fall
 within the jurisdiction of the         
committee concerned  ,a ,,bill  ,to     
amend the ,internal ,revenue ,code of   
#aihf and the ,small ,business ,act to  
reduce costs for certain businesses     
required to relocate from a ,superfund  

site1 and for other purposes4  #a4      
,short title ,this ,act may be cited as 
the ,superfund ,enhancement ,act of     
#bjah4  #b4 ,renewal of ,superfund      
financing rate  7a7 ,in general ,section
 #dfaa of the ,internal ,revenue ,code  
of #aihf is amended by striking         
subsection 7e74  7b7 ,effective date    
,the amendment made by this section     
shall take effect on ,january #a1 #bjah4
  #c4 ,deduction for expenses in        
connection with moving from a site      
listed on national priorities list  7a7 
,in general ,part ,,vi of subchapter ,b 
of chapter #a of the ,internal ,revenue 
,code of #aihf is amended by inserting  
after section #aih the following new    
section3  #aih;,a4 ,expenses in         
connection with moving from a site      
listed on national priorities list  7a7 
,in general ,a qualified small business 
may elect to treat as an expense which  
is not chargeable to capital account1   
and deductible in the year in which paid
 or incurred1 so much of the qualified  

environmental disaster moving expenses  
which are paid or incurred by the       
taxpayer for the taxable year as do not 
exceed #aj1jjj4  7b7 ,qualified small   
business ,for purposes of this section1 
the term qualified small business means 
any person which is a small business    
concern 7as defined under section #c of 
the ,small ,business ,act 7#ae ,u4,s4,c4
 #fcb77 at all times during the         
preceding taxable year4  7c7 ,qualified 
environmental disaster moving expense   
,for purposes of this section1 the term 
qualified environmental disaster moving 
expense means any expenditure-- 7#a7    
which is otherwise chargeable to capital
 account1 and  7#b7 which is paid or    
incurred in connection with relocating a
 trade or business carried on in a      
location which is situated on1 or       
adjacent to1 a site which is on1 or     
proposed for1 the national priorities   
list under section #aje7;a77#h77;,b7 of 
the ,comprehensive ,environmental       
,response1 ,compensation1 and ,liability

 ,act of #aihj4  7d7 ,special rules ,for
 purposes of this section-- 7#a7        
,potentially responsible parties        
excluded ,no amount shall be taken into 
account under subsection 7a7 by a person
 who under section #ajg7;a7 of the      
,comprehensive ,environmental ,response1
 ,compensation1 and ,liability ,act of  
#aihj is potentially liable with respect
 to the site described in subsection    
7c77#b74  7#b7 ,controlled groups ,all  
members of the same controlled group of 
corporations 7within the meaning of     
section #eb7;a77 and all persons under  
common control 7within the meaning of   
section #eb7;b77 shall be treated as #a 
person for purposes of this section4    
7#c7 ,partnerships and ,s corporations  
,in the case of a partnership1 the      
#aj1jjj limitation under subsection 7a7 
shall apply with respect to the         
partnership and each partner4 ,a similar
 rule shall apply in the case of an ,s  
corporation and its shareholders4  7#d7 
,denial of double benefit ,in the case  

of the amount of the deduction          
determined under this section-- 7,a7 no 
deduction or credit shall be allowed for
 such amount under any other provision  
of this chapter1 and  7,b7 no increase  
in the adjusted basis of any property   
shall result from such amount4  4  7b7  
,clerical amendment ,the table of       
sections for part ,,vi of subchapter ,b 
of chapter #a of such ,code is amended  
by inserting after the item relating to 
section #aih the following new item3    
,sec4 #aih;,a4 ,expenses in connection  
with moving from a site listed on       
national priorities list4  4  7c7       
,effective date ,the amendments made by 
this section shall apply to amounts paid
 or incurred in taxable years beginning 
after the date of the enactment of this 
,act4  #d4 ,disaster loans to small     
business concerns for relocation from a 
,superfund site  7a7 ,establishment ,the
 ,administrator shall establish and     
carry out a pilot program under which   
the ,administrator shall provide direct 

loans to an eligible person to assist   
such eligible person in relocating the  
principal place of business or primary  
place of residence of such eligible     
person1 if the principal place of       
business or primary place of residence  
is located in an area that is designated
 as a ,superfund site on a date after-- 
7#a7 with respect to an eligible person 
that is a small business concern1 the   
establishment of the principal place of 
business2 or  7#b7 with respect to an   
eligible person that is an individual1  
the establishment of a primary place of 
residence4  7b7 ,loan terms ,a loan made
 under the program established under    
subsection 7a7 shall-- 7#a7 be subject  
to the same limitations as a loan       
described under section #g7;b77#h7 of   
the ,small ,business ,act 7#ae ,u4,s4,c4
 #fcf7;b77#h772 and  7#b7 have a term of
 #e years4  7c7 ,eligibility for        
economic injury disaster loans  7#a7 ,in
 general ,the ,administrator may make a 
loan pursuant to section #g7;b77#b7 of  

the ,small ,business ,act 7#ae ,u4,s4,c4
 #fcf7;b77#b77 to assist an eligible    
person that is a small business concern 
that has suffered substantial economic  
injury as a result of the location of   
the eligible person in a ,superfund     
site4  7#b7 ,no duplication of benefits 
,an eligible person described in        
paragraph 7#a7 may receive a loan under 
subsection 7a7 and section #g7;b77#b7 of
 the ,small ,business ,act 7#ae         
,u4,s4,c4 #fcf7;b77#b774  7#c7          
,potentially responsible parties        
excluded ,no loan may be made to a      
person who under section #ajg7;a7 of the
 ,comprehensive ,environmental          
,response1 ,compensation1 and ,liability
 ,act of #aihj is potentially liable    
with respect to the ,superfund site4    
7d7 ,definitions ,in this section3 7#a7 
,eligible person ,the term eligible     
person means--  7,a7 a small business   
concern 7as defined under section #c of 
the ,small ,business ,act 7#ae ,u4,s4,c4
 #fcb77 for which the principal place of

 business of the concern is required to 
relocate because such concern is located
 on or near a ,superfund site2 or  7,b7 
an individual whose primary place of    
residence is located on or adjacent to a
 ,superfund site4  7#b7 ,substantial    
economic injury ,the term substantial   
economic injury has the meaning given   
under section #g7;b77#c7 of the ,small  
,business ,act 7#ae ,u4,s4,c4           
#fcf7;b77#c774  7#c7 ,superfund site    
,the term ,superfund site means a site  
that is included on the ,national       
,priorities ,list developed by the      
,president in accordance with section   
#aje7;a77#h77;,b7 of the ,comprehensive 
,environmental ,response1 ,compensation1
 and ,liability ,act of #aihj 7#db      
,u4,s4,c4 #ifje7;a77#h77;,b774  7e7     
,authorization of appropriations ,there 
is authorized to be appropriated to the 
,administrator #aj1jjj1jjj for fiscal   
years #bjai through #bjbc4  #e4         
,eligibility for economic injury loans  
,section #g7;b7 of the ,small ,business 

,act 7#ae ,u4,s4,c4 #fcf7;b77 is        
amended-- 7#a7 in paragraph 7#b71 by    
inserting to any eligible concern       
pursuant to paragraph 7#af71 or2 and    
7#b7 by inserting after paragraph 7#ae7 
the following new paragraph3  7#af7     
,economic injury loans for eligible     
concerns  7,a7 ,in general ,the         
,administrator may make a loan under    
paragraph 7#b7 to an eligible concern   
regardless of whether a disaster has    
occurred in the area in which the       
eligible concern is located4  7,b7      
,definitions  7i7 ,eligible concern ,the
 term eligible concern means a small    
business concern for which the principal
 place of business of the concern is    
required to relocate because such       
concern is located on or near a         
,superfund site4  7ii7 ,superfund site  
,the term ,superfund site means a site  
that is included on the ,national       
,priorities ,list developed by the      
,president in accordance with section   
#aje7;a77#h77;,b7 of the ,comprehensive 

,environmental ,response1 ,compensation1
 and ,liability ,act of #aihj 7#db      
,u4,s4,c4 #ifje7;a77#h77;,b774  4