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![handle is hein.congrecreports/crptxacdz0001 and id is 1 raw text is: AUT-ENTICATED
U.S.GOVERNMENT
INFORMATION
115TH CONGRESS f REPORT
2d Session JSENATE 115-453
TO EXTEND THE EFFECTIVE DATE FOR THE SUNSET FOR
COLLATERAL REQUIREMENTS FOR SMALL BUSINESS
ADMINISTRATION DISASTER LOANS
DECEMBER 20, 2018.-Ordered to be printed
Mr. RISCH, from the Committee on Small Business and
Entrepreneurship, submitted the following
REPORT
[To accompany S. 3554]
[Including cost estimate of the Congressional Budget Office]
The Committee on Small Business and Entrepreneurship, to
which was referred the bill (S. 3554) to extend the effective date
for the sunset for collateral requirements for Small Business Ad-
ministration disaster loans, having considered the same, reports fa-
vorably thereon without amendment and recommends that the bill
do pass.
I. INTRODUCTION
A bill to extend the effective date for the sunset for collateral re-
quirements for Small Business Administration disaster loans (S.
3554) was introduced by Senator John Kennedy for himself, and
Senator Marco Rubio on October 5, 2018. Senator Cory A. Booker
is also a cosponsor.
This bill amends the RISE After Disaster Act of 2015 to extend
the sunset for collateral requirements for Small Business Adminis-
tration disaster loans from three to four years.
The bill was approved unanimously by a roll call vote as part of
a manager's package.
II. HISTORY (PURPOSE & NEED FOR LEGISLATION)
In August of 2005, Hurricane Katrina struck the Southeastern
United States, significantly impacting the New Orleans, Louisiana
area. The devastation and loss of life left in its wake was cata-
strophic, making it one of the worst natural disasters in U.S. his-
tory. In the aftermath of a disaster of this scale, the recovery proc-
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