A bill to amend the Small Business Act to limit to 3 percent the rate of interest on disaster relief loans made under such act with respect to any major disaster declared during calendar year 1977.

Amends the Small Business Act to limit to three percent the rate of interest on the Small Business Administration's share of disaster relief loans made to business affected by: (1) catastrophes such as floods, riots, or civil disorders; (2) disasters, as defined by specified laws; or (3) disease or toxicity introduced into products intended for human consumption.