A bill to amend the Small Business Act to provide that any change in regulations affecting the disaster loan provisions of such Act shall not apply to applications for disaster loan assistance received before the effective date of the change.

[AI summary unavailable — showing source text] Amends the Small Business Act to require that disaster loan applications be acted upon under the regulations in effect on the date of application and without regard to regulations prescribed after such date. Applies this Act to applications received after December 1, 1980.…