Helene Small Business Recovery Act

This bill, HR 2364 (Helene Small Business Recovery Act), allows the President to waive federal rules blocking duplicate disaster aid for small businesses affected by Hurricane Helene (a 2023 major disaster). It enables businesses to receive additional assistance without being denied due to prior aid, provided the President approves a waiver within 45 days of a state governor's request. The waiver process requires consideration of cost-effectiveness, equity, and prevents income limits or labeling loans as "duplicate" if funds cover disaster-related losses. It directly helps small businesses and entities suffering losses from the 2023-2024 disasters.