| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 2897 |
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| 5 | 5 | | To amend the Small Business Act to make disaster loans available for |
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| 6 | 6 | | damages caused by prolonged power outages, and for other purposes. |
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| 7 | 7 | | IN THE HOUSE OF REPRESENTATIVES |
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| 8 | 8 | | APRIL10, 2025 |
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| 9 | 9 | | Ms. S |
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| 10 | 10 | | TEVENSintroduced the following bill; which was referred to the |
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| 11 | 11 | | Committee on Small Business |
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| 12 | 12 | | A BILL |
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| 13 | 13 | | To amend the Small Business Act to make disaster loans |
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| 14 | 14 | | available for damages caused by prolonged power out- |
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| 15 | 15 | | ages, and for other purposes. |
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| 16 | 16 | | Be it enacted by the Senate and House of Representa-1 |
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| 17 | 17 | | tives of the United States of America in Congress assembled, 2 |
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| 18 | 18 | | SECTION 1. SMALL BUSINESS DISASTER LOANS FOR PRO-3 |
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| 19 | 19 | | LONGED POWER OUTAGES. 4 |
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| 20 | 20 | | Section 7(b) of the Small Business Act (15 U.S.C. 5 |
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| 21 | 21 | | 636(b)) is amended— 6 |
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| 22 | 22 | | (1) by redesignating the second paragraph (16) 7 |
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| 23 | 23 | | (relating to statute of limitations) as paragraph 8 |
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| 24 | 24 | | (17); and 9 |
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| 25 | 25 | | VerDate Sep 11 2014 16:31 Apr 28, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2897.IH H2897 |
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| 26 | 26 | | ssavage on LAPJG3WLY3PROD with BILLS 2 |
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| 27 | 27 | | •HR 2897 IH |
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| 28 | 28 | | (2) by inserting after paragraph (17), as so re-1 |
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| 29 | 29 | | designated, the following new paragraph: 2 |
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| 30 | 30 | | ‘‘(18) P |
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| 31 | 31 | | ROLONGED POWER OUTAGE .— 3 |
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| 32 | 32 | | ‘‘(A) I |
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| 33 | 33 | | N GENERAL.—For the purposes of 4 |
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| 34 | 34 | | paragraphs (1)(A) and (2), the term ‘disaster’ 5 |
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| 35 | 35 | | includes prolonged power outages. 6 |
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| 36 | 36 | | ‘‘(B) U |
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| 37 | 37 | | SE OF LOAN AMOUNTS .—In addi-7 |
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| 38 | 38 | | tion to any other allowable uses of a loan made 8 |
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| 39 | 39 | | under paragraph (1)(A) or (2), if a borrower 9 |
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| 40 | 40 | | receives such a loan pursuant to a disaster that 10 |
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| 41 | 41 | | is prolonged power outage, the borrower may 11 |
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| 42 | 42 | | use the proceeds of such loan to— 12 |
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| 43 | 43 | | ‘‘(i) purchase energy resilience sys-13 |
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| 44 | 44 | | tems that enable the borrower to cope with 14 |
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| 45 | 45 | | and recover from disruptions to the com-15 |
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| 46 | 46 | | mercial availability of electrical power, in-16 |
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| 47 | 47 | | cluding generators, solar panels, wind tur-17 |
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| 48 | 48 | | bines, microgrids, fuel cells, batteries, and 18 |
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| 49 | 49 | | other technologies that provide electrical 19 |
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| 50 | 50 | | generation and storage capabilities, as de-20 |
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| 51 | 51 | | termined appropriate by the Administrator; 21 |
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| 52 | 52 | | and 22 |
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| 53 | 53 | | ‘‘(ii) pay for the cost of replacing any 23 |
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| 54 | 54 | | food and drink of the borrower that was 24 |
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| 55 | 55 | | lost, destroyed, or rendered unfit for 25 |
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| 57 | 57 | | ssavage on LAPJG3WLY3PROD with BILLS 3 |
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| 58 | 58 | | •HR 2897 IH |
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| 59 | 59 | | human consumption as a result of such 1 |
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| 60 | 60 | | disaster. 2 |
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| 61 | 61 | | ‘‘(C) P |
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| 62 | 62 | | ROLONGED POWER OUTAGE DE -3 |
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| 63 | 63 | | FINED.—In this subsection, the term ‘prolonged 4 |
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| 64 | 64 | | power outage’ means— 5 |
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| 65 | 65 | | ‘‘(i) for the purposes of paragraph 6 |
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| 66 | 66 | | (1)(A), a loss of electrical power that 7 |
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| 67 | 67 | | causes not fewer than 25 homes or 25 8 |
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| 68 | 68 | | business concerns, or any combination of 9 |
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| 69 | 69 | | not fewer than 25 homes, business con-10 |
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| 70 | 70 | | cerns, or other eligible recipients of a loan 11 |
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| 71 | 71 | | under such paragraph, located in any 12 |
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| 72 | 72 | | county or smaller political subdivision of a 13 |
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| 73 | 73 | | State or territory or possession of the 14 |
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| 74 | 74 | | United States to each sustain uninsured 15 |
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| 75 | 75 | | losses of not less than 40 percent of the es-16 |
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| 76 | 76 | | timated fair replacement value or pre-dis-17 |
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| 77 | 77 | | aster fair market value of the damaged 18 |
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| 78 | 78 | | property, whichever is lower; and 19 |
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| 79 | 79 | | ‘‘(ii) for the purposes of paragraph 20 |
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| 80 | 80 | | (2), not fewer than 25 homes or 25 busi-21 |
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| 81 | 81 | | ness concerns, or any combination of not 22 |
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| 82 | 82 | | fewer than 25 homes, business concerns, or 23 |
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| 83 | 83 | | other eligible recipients of a loan under 24 |
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| 84 | 84 | | such paragraph, located in any county or 25 |
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| 86 | 86 | | ssavage on LAPJG3WLY3PROD with BILLS 4 |
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| 87 | 87 | | •HR 2897 IH |
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| 88 | 88 | | smaller political subdivision of a State or 1 |
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| 89 | 89 | | territory or possession of the United States 2 |
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| 90 | 90 | | concurrently losing electrical power for not 3 |
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| 91 | 91 | | fewer than 48 hours.’’. 4 |
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| 92 | 92 | | Æ |
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| 93 | 93 | | VerDate Sep 11 2014 16:31 Apr 28, 2025 Jkt 059200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6301 E:\BILLS\H2897.IH H2897 |
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| 94 | 94 | | ssavage on LAPJG3WLY3PROD with BILLS |
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