This bill adds 'snow drought' to the list of disasters in the Small Business Act. The bill includes findings that define snow drought using the American Meteorological Society description. It requires the Small Business Administration (SBA), in consultation with the National Weather Service, to issue rules within 90 days to implement the change. The Comptroller General must also report to Congress. That report must review federal resources available to help small businesses harmed by low or no snowfall, identify ways small businesses can adapt, and provide recommendations, including an evaluation of the SBA's ability to support expanded recovery efforts through the Economic Injury Disaster Loan program.
The bill would formally recognize 'snow drought' as a type of disaster covered under the Small Business Act. The SBA must write rules quickly, and the Comptroller General must study federal resources and suggest actions to help small, snow-dependent businesses. If you run a winter recreation or other snow-reliant small business, the bill seeks to increase official attention and review of assistance options.
No publicly available information.
The bill text shows supporters want to: add snow drought to the disaster definition; require the SBA and National Weather Service to create implementing rules within 90 days; and direct the Comptroller General to review resources, identify adaptation steps, and recommend legislative or administrative actions, including assessing SBA capabilities for Economic Injury Disaster Loans related to low or no snow.
No publicly available information.