A bill to amend the Small Business Act to limit to 3 per centum the rate of interest on disaster relief loans made under such Act with respect to any disaster occurring on or after October 1, 1978.

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.