S. 862 — what changed
Rebuilding Small Businesses After Disasters Act
From Reported in Senate to Engrossed in Senate. 1 section amended and 1 added between Reported in Senate and Engrossed in Senate.
2. Extension of sunset for collateral requirements for SBA disaster loans
changed
Section 2102 2102(b) of the RISE After Disaster Act of 2015 (Public Law 114–88; 129 Stat. 690) (15 U.S.C. 636 note) is amended—amended, in the matter preceding paragraph (1), by striking “4 years” and inserting “7 years”.
removed
by striking “(a) In general.—”; and
removed
by striking subsections (b) and (c).
3. GAO report on default rates
addedadded Not later than 1 year after the date of enactment of this Act, the Comptroller General of the United States shall submit to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives a report comparing—
added
the performance, including the default rate, of loans made under section 7(b)(1) of the Small Business Act (15 U.S.C. 636(b)(1)) during the period—
added
beginning on January 1, 2000; and
added
ending on the date on which the Small Business Administration began making loans in accordance with the amendment made by section 2102(a) of the RISE After Disaster Act of 2015 (Public Law 114–88; 129 Stat. 690); and
added
the performance, including the default rate, of loans made under 7(b)(1) of the Small Business Act (15 U.S.C. 636(b)(1)) in accordance with the amendment made by section 2102(a) of the RISE After Disaster Act of 2015 (Public Law 114–88; 129 Stat. 690).