Establishes the Construction Disruption Assistance Act to aid small businesses affected by state or local government construction.
The bill creates the Construction Disruption Assistance Act, establishing a program within the Department of Commerce to provide financial relief to small businesses impacted by state or local government construction. The program offers low-interest loans of up to $100,000 for operating costs during disruptions. It mandates the development of a public awareness campaign and requires annual reporting on program performance. The act defines terms such as "construction zone" and "demonstrable loss," and outlines eligibility criteria and application procedures.
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