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IIB
116TH CONGRESS
1ST SESSION
H. R. 277
IN THE SENATE OF THE UNITED STATES
JULY 16, 2019
Received; read twice and referred to the Committee on Small Business and
Entrepreneurship
AN ACT
To adjust collateral requirements under the Small Business
Act for disaster loans, and for other purposes.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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HR 277 RFS
SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Access to Sufficient
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Capital for Everyone in Natural Disaster areas Act of
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2019’’ or the ‘‘ASCEND Act of 2019’’.
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SEC. 2. COLLATERAL REQUIREMENTS FOR DISASTER
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LOANS UNDER THE SMALL BUSINESS ACT.
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(a) AMENDMENT TO THE RISE AFTER DISASTER
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ACT OF 2015.—Section 2102 of the RISE After Disaster
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Act of 2015 (Public Law 114–88) is amended—
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(1) by striking subsections (b) and (c); and
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(2) by striking ‘‘(a) IN GENERAL.—’’.
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(b) EFFECTIVE DATE.—The amendment made by
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subsection (a) shall take effect as though enacted as part
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of the RISE After Disaster Act of 2015.
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Passed the House of Representatives July 15, 2019.
Attest:
CHERYL L. JOHNSON,
Clerk.
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