- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
House Committee on Transportation and InfrastructureEconomic Development, Public Buildings, and Emergency ManagementIntroducedMay 6th, 2010
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Business Disaster Recovery Assistance Act of 2010
To direct the Administrator of the Federal Emergency Management Agency to establish a disaster recovery assistance program for businesses, and for other purposes.
Business Disaster Recovery Assistance Act of 2010 - Directs the Administrator of the Federal Emergency Management Agency (FEMA) to establish a program to assist a covered entity affected by a major disaster. (Defines "covered entity" to mean a business or private nonprofit organization operating in an area with respect to which the President declared, during the 60-day period preceding the date the entity submitted a grant application, a major disaster under the Robert T. Stafford Disaster Relief and Emergency Assistance Act.) Authorizes the Administrator to make a grant to a covered entity to assist in: (1) the repair or replacement of the entity's property that was damaged as a direct result of a major disaster; and (2) meeting the entity's ordinary and necessary financial obligations that might not otherwise be met as a direct result of a major disaster. Limits each grant to $28,000. Directs the Administrator to adjust the limit annually to reflect changes in the Consumer Price Index for All Urban Consumers published by the Department of Labor.