[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. 1552 Introduced in Senate (IS)]
107th CONGRESS
1st Session
S. 1552
To provide for grants through the Small Business Administration for
losses suffered by general aviation small business concerns as a result
of the terrorist attacks of September 11, 2001.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
October 16, 2001
Mr. Harkin (for himself, Mr. Inhofe, Mr. Baucus, Mr. Burns, Mr.
Johnson, Mr. Hollings, Mr. Cleland, and Mr. Wellstone) introduced the
following bill; which was read twice and referred to the Committee on
Small Business and Entrepreneurship
_______________________________________________________________________
A BILL
To provide for grants through the Small Business Administration for
losses suffered by general aviation small business concerns as a result
of the terrorist attacks of September 11, 2001.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``General Aviation Small Business
Assistance Act.''
SEC. 2. GENERAL AVIATION SMALL BUSINESS GRANTS.
Section 7(b) of the Small Business Act (15 U.S.C. 636(b)) is
amended by inserting immediately after paragraph (3) the following:
``(4) General aviation small business grants.--
``(A) In general.--Notwithstanding any other
provision of law, the Administration shall, upon
application, make grants to general aviation small
business concerns for direct and incremental losses
incurred by such small business concerns as a result of
the Federal ground stop order issued by the Secretary
of Transportation on September 11, 2001, or any such
subsequent order issued by the Department of
Transportation that adversely affects General Aviation
Small Business.
``(B) Grant amounts.--
``(i) In general.--A grant under
subparagraph (A) shall be made in an amount
equal to the amount of direct and incremental
losses incurred by a general aviation small
business concern during the period beginning on
September 11, 2001, and ending on December 31,
2001, to the extent that such losses are not
compensated for by insurance or otherwise.
``(ii) Maximum grant.--The amount of a
grant under this paragraph may not exceed
$6,000,000.
``(iii) Waiver authority.--The
Administrator may, at the discretion of the
Administrator, waive the aggregate grant
amounts established under clause (ii).
``(iv) Documentation.--The amount of the
grant payable under this paragraph may not
exceed the incremental loss that the business
demonstrates, to the satisfaction of the
Administrator, using sworn financial statements
or other appropriate data.
``(C) No disaster declaration required.--For
purposes of assistance under this paragraph, no
declaration of a disaster area shall be required.
``(D) Extended application period.--Notwithstanding
any other provision of law, the Administrator shall
accept applications of assistance under this program
until September 10, 2002, with respect to small
business concerns adversely affected by the terrorist
attacks perpetrated against the United States on
September 11, 2001.
``(E) Audits.--The Small Business Administration
may audit financial statements or other appropriate
data of any business receiving assistance under this
paragraph for not more than 3 years after the grant has
been finalized. The business shall provide any requests
for information that the Administration may request
while conducting such audit.
``(F) Definitions.--As used in this paragraph--
``(i) the term `general aviation small
business concern' means a small business
concern that is a regular provider of general
aviation services, such as aircraft rentals,
crop dusting, flight training instruction,
repair, and other fixed based services; and
``(ii) the term `incremental loss' does not
include any loss that the Administration
determines would have been incurred if the
terrorist attacks on the United States that
occurred on September 11, 2001, had not
occurred.''.
SEC. 3. AUTHORIZATION OF APPROPRIATIONS.
There is authorized to be appropriated, $400,000,000 to carry out
section 7(b)(4) of the Small Business Act, as added by this Act.
SEC. 4. CLERICAL AMENDMENTS.
Section 7(b) of the Small Business Act (15 U.S.C. 636(b)) is
amended in the undesignated matter at the end--
(1) by striking ``, (2), and (4)'' and inserting ``and
(2)''; and
(2) by striking ``, (2), or (4)'' and inserting ``(2)''.
<all>
Introduced in Senate
Sponsor introductory remarks on measure. (CR S10770)
Read twice and referred to the Committee on Small Business and Entrepreneurship.
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