To amend the Small Business Act to waive the accrual of interest and payments for certain disaster loans for a year, and for other purposes.

This bill amends the Small Business Act to waive interest accrual and payments for certain disaster loans for a one-year period. Section 1, Waiver of interest accrual and payments for certain disaster loans: This section adds a new paragraph to the Small Business Act requiring the Administrator of the Small Business Administration to set a zero percent interest rate and defer principal payments for the 12-month period starting from the date of loan disbursement, for loans made under subsection (b) for disasters declared on or after the date this bill is enacted.