COLLATERAL REQUIREMENTS FOR DISASTER LOANS.

SEC. 2102. COLLATERAL REQUIREMENTS FOR DISASTER LOANS. (a) In general.—Section 7(d)(6) of the Small Business Act (15 U.S.C. 636(d)(6)) is amended in the third proviso— (1) by striking “$14,000” and inserting “$25,000”; and (2) by striking “major disaster” and inserting “disaster”. (b) [15 U.S.C. 636 note] Sunset.—Effective on the date that is 7 years after the date of enactment of this Act, section 7(d)(6) of the Small Business Act (15 U.S.C. 636(d)(6)) is amended in the third proviso— (1) by striking “$25,000” and inserting “$14,000”; and (2) by inserting “major” before “disaster”. (c) Report.—Not later than 180 days before the date on which the amendments made by subsection (b) are to take effect, the Administrator of the Small Business Administration shall submit to Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives a report on the effects of the amendments made by subsection (a), which shall include— (1) an assessment of the impact and benefits resulting from the amendments; and (2) a recommendation as to whether the amendments should be made permanent.