Summary of Amendments Submitted to the Rules Committee forH.R. 1361 - Relief for Entrepreneurs: Coordination of Objectives and Values for Effective Recovery (RECOVER) Act of 2007

Summaries Derived from Information Provided by Sponsors

Listed in Alphabetical Order

Apr 16, 2007 FINAL

Click on sponsor for amendment text

 

Chabot (OH)

#1

This amendment would strike section 211, thereby requiring anyone receiving both a grant and a disaster loan to use the grant to repay the disaster loan thereby preventing the government from compensating the same person twice for the same disaster.

Chabot (OH)

#2

This amendment would strike section 210, thereby eliminating the authority of the Administrator of the Small Business Administration to offer grants to certain small businesses that were severely affected by Hurricanes Katrina, Rita, or Wilma but that were denied disaster loans.

Jackson-Lee (TX)

#3

(WITHDRAWN) This amendment would require the SBA Administrator, in carrying out his/her duty, to make or guarantee mitigation loans in response to disasters and to give preferences to minorities and disadvantaged small businesses in contracting.

Jackson-Lee (TX)

#4

(WITHDRAWN) This amendment would require the SBA Administrator to include in his/her recovery plan pre-negotiated contracts and to give preference to local businesses in contracts and other agreements.

Jindal (LA)

#6

This amendment would provide Hurricanes Katrina, Rita, and Wilma disaster victims with an option of receiving an increased four year deferment period for disaster loans.  Section 204 of the underlying bill extends this option to future disaster victims; this amendment simply makes it retroactive to the 2005 hurricanes.

Velázquez (NY)

 

 

#5

Manager's Amendment.  This amendment would narrow the scope of Section 211 by eliminating any retroactive authority to alter existing disaster loans and preserving only the Administrator’s prospective authority to provide victims of Hurricanes Katrina, Rita, or Wilma with grants to replace compensation that has been taken by the SBA as a duplication of benefits.  The provision would also amend Section 218 of H.R. 1361 to require that the SBA conduct a study assessing the need and ability of the agency to provide economic injury disaster loans for businesses affected by a lack of snowfall.