US Codex
Bill
Notes

Recovery Improvements for Small Entities After Disaster Act of 2015

S. 1470 · 114th Congress · May 31, 2015 · Lineage

A BILL

To amend the Small Business Act to provide additional assistance to small business concerns for disaster recovery, and for other purposes.

Section 1 Short title; table of contents

(a)
Short title— This Act may be cited as the “Recovery Improvements for Small Entities After Disaster Act of 2015” or the “RISE After Disaster Act of 2015”.
(b)
Table of contents— The table of contents for this Act is as follows:

Sec. 2 Definitions

In this Act—
(1)
the term 7(b) loan program means assistance provided by the Administration under section 7(b) of the Small Business Act (15 U.S.C. 636(b));
(2)
the terms Administration and Administrator mean the Small Business Administration and the Administrator thereof, respectively;
(3)
the term covered supplemental appropriations means amounts made available to the Administration through supplemental appropriations for—
(A)
the cost of direct loans authorized under section 7(b) of the Small Business Act (15 U.S.C. 636(b)) for necessary expenses related to the consequences of a major disaster declared by the President under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5170); and
(B)
the direct administrative expenses of making and servicing those loans;
(4)
the term major disaster means a major disaster declared by the President under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5170); and
(5)
the term small business concern has the meaning given that term under section 3 of the Small Business Act (15 U.S.C. 632).