A bill to authorize payments to any small business which suffers financial loss because customer access to such business is interfered with by certain Federal urban development projects.

Provides, under the Housing Act of 1949, that a local public agency shall make payments to any small business which suffers loss of income because of interference with pedestrian or vehicular customer access to such business, if such interference: (1) lasts for thirty consecutive days; and (2) is a direct result of any work which is performed after January 1, 1970, with the financial assistance of any loan or grant made under title I of such Act. Prescribes the formula for computation of such payments.