On the recordMarch 5, 2021
I have a parliamentary inquiry before I begin. Parliamentary inquiry: On page 225, line 23, it appears that the 7(b) disaster loan program allocates $460 million, but only $70 million is for the actual disaster loans. The other $390 million appears to be allocated for administrative costs of the program. Could the clerk please read page 225 line 20 through page 226 line 2 to confirm the administrative cost for this program is $390 million and the grant program itself is only $70 million? The PRESIDING OFFICER. The clerk will read the section of the amendment. The bill clerk read as follows: (2) $460,000,000 to carry out the disaster loan program authorized by section 7(b) of the Small Business Act (15 U.S.C. 636(b)), of which $70,000,000 shall be for the cost of direct loans authorized by such section and $390,000,000 shall be for administrative expenses to carry out such program. Amendment No. 1031 to Amendment No. 891 (Purpose: To improve the bill)
