A bill to authorize payments to any small business which suffers financial loss because customer access to such business is interfered with by certain Federal urban development projects.

[AI summary unavailable — showing source text] Provides, under the Housing Act of 1949, that a local public agency shall make payments to any small business which suffers loss of income because of interference with pedestrian or vehicular customer access to such business, if such interference: (1) lasts for thirty consecutive days; and (2) is a direct result of any work which is performed after January 1, 1970, with the financial assistance of any loan or grant made under title I of such Act. Prescribes the formula for computation of such payments.…