Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, <<NOTE: Rebuilding Small Businesses After Disasters Act. 15 USC 631 note.>>
This Act may be cited as the ``Rebuilding Small Businesses After Disasters Act''.
DISASTER LOANS.
Section 2102(b) of the RISE After Disaster Act of 2015 (15 U.S.C. 636 note) is amended, in the matter preceding paragraph (1), by striking ``4 years'' and inserting ``7 years''.
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-- (1) 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-- (A) beginning on January 1, 2000; and (B) 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 (2) 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).
Approved November 22, 2019.
LEGISLATIVE HISTORY--S. 862: ---------------------------------------------------------------------------
CONGRESSIONAL RECORD, Vol. 165 (2019): Aug. 1, considered and passed Senate. Nov. 20, considered and passed House.
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