Sec. 1002. FINDINGS
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## SEC. 1002 FINDINGS **[**[15 U.S.C. 636 note](/us/usc/t15/s636)**]** Congress finds the following: ####
(1)In 2012, Superstorm Sandy caused substantial physical and economic damage to the United States, and New York in particular. ####
(2)For businesses and homeowners, the primary means of obtaining long-term Federal financial assistance in the wake of disasters such as Superstorm Sandy is through the Small Business Administration’s Disaster Loan Program. ####
(3)With regard to the Small Business Administration’s operation of the Disaster Loan Program after Superstorm Sandy, the Government Accountability Office found that the Administration did not meet its timeliness goals for processing business loan applications. ####
(4)According to the Government Accountability Office, the Small Business Administration stated that it was challenged by an unexpectedly high volume of loan applications that it received early in its response to Superstorm Sandy. ####
(5)As a result, many businesses and homeowners affected by Superstorm Sandy were unable to apply for financing from the Small Business Administration. # TITLE I DISASTER ASSISTANCE IMPROVEMENTS
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