A bill to amend the Disaster Relief Act of 1974 to authorize the President to make any loan, grant, or other assistance currently available under Federal disaster assistance programs available to areas suffering economic loss as a result of a fuel shortage due to severe weather conditions.

Authorizes the President to provide disaster relief under the Disaster Relief Acts of 1970 and 1974 and the Small Business Act, without declaring a disaster, in the event that severe weather conditions followed by severe economic loss or a shortage of natural gas, oil or other energy supplies caused the closing or curtailing of a business and a substantial increase in unemployment in a State.