S. 1703: Rural Small Business Resilience Act

This bill, known as the Rural Small Business Resilience Act, aims to improve access to disaster assistance for individuals and small businesses located in rural areas. Here are the main points of the bill:

Implementation Timeline

The bill stipulates that within one year of its enactment, the Administrator of the Small Business Administration (SBA) is required to take specific actions to enhance access to disaster recovery assistance for rural residents who have been affected by disasters.

Targeted Outreach

The SBA must ensure that those in rural areas, particularly those impacted by a disaster declaration, are fully informed about the assistance available to them. This will include:

• Providing targeted outreach efforts to reach affected individuals.
• Creating and distributing marketing materials that inform residents about the resources and support available to them in the aftermath of a disaster.

Technical Amendment

The bill also includes a technical amendment to the Small Business Act that involves redesignating a specific paragraph related to the statute of limitations on certain assistance provisions.

Overall Purpose

The overall goal of the bill is to ensure that rural communities have better access to the support they need during and after disasters, which can help bolster their recovery and resilience in challenging times.

Relevant Companies

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