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![handle is hein.congrecreports/crptxaazg0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GP
115TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 115-529
SMALL BUSINESS ACCESS TO CAPITAL AFTER A
NATURAL DISASTER ACT
JANUARY 29, 2018.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. HENSARLING, from the Committee on Financial Services,
submitted the following
REPORT
[To accompany H.R. 4792]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 4792) to amend the Securities Exchange Act of 1934 to
expand access to capital for small businesses affected by hurricanes
or other natural disasters, and for other purposes, having consid-
ered the same, report favorably thereon without amendment and
recommend that the bill do pass.
PURPOSE AND SUMMARY
On January 18, 2018, Representative Nydia Vel6zquez intro-
duced H.R. 4792, the Small Business Access to Capital After a
Natural Disaster Act, which amends the Securities Exchange Act
of 1934 to require the Securities and Exchange Commission's (SEC)
Advocate for Small Business Capital Formation (Small Business
Advocate) to identify any unique challenges to small businesses af-
fected by hurricanes or natural disasters when assessing problems
that the small businesses have with securing access to capital. This
bill further requires that in its annual report the Small Business
Advocate must include a summary of any unique issues encoun-
tered by small businesses affected by hurricanes or natural disas-
ters.
BACKGROUND AND NEED FOR LEGISLATION
In the 114th Congress, Congress passed and President Obama
signed into law, H.R. 3874, the SEC Small Business Advocate Act
of 2016 (P.L. 114-284). This law created within the SEC the Office
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