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S. 5049

BillFederalSenateIn Committee
To modify the definition of disaster in the Small Business Act to include low or no snowfall amounts, and for other purposes.
About This Bill
Committee
Latest Action · September 12, 2024
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Congress
118th (2023–2025)
Introduced
September 12, 2024
Cosponsors (3)
3D 0R
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Summary

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This bill expands the Small Business Administration's definition of "disaster" to include periods of below-average snowfall or snow cover. The change would allow winter recreation businesses—such as ski resorts, snowmobile operators, and related tourism enterprises—to qualify for disaster relief loans and assistance when unusually warm winters reduce snow conditions and hurt their operations. The bill affects small businesses in winter recreation industries that depend on adequate snowfall to operate profitably. The Small Business Administration must establish implementing regulations within 90 days of the bill's enactment, working with the National Weather Service to determine what qualifies as below-average snowfall. No specific funding amount is included in the legislation; instead, it modifies eligibility for existing Small Business Administration disaster relief programs.

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