A bill to modify the requirements for the Administrator of the Small Business Administration relating to declaring a disaster in a rural area, and for other purposes.
About This Bill
Committee
Latest Action · February 12, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Disaster Assistance for Rural Communities Act
This bill expands the availability of Small Business Administration (SBA) disaster assistance for rural small businesses.
Currently, the declaration of a disaster by the SBA is contingent upon a certain number of homes or businesses being damaged or economically injured (e.g., at least 25 homes or 25 businesses are damaged). The bill authorizes the SBA to declare a disaster in a rural area if any home, small business, private nonprofit, or small agricultural cooperative located in such area has incurred significant damage.
The bill defines a rural area as an area with a population of less than 200,000 outside an urbanized area.
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