By Vicki Needham - 03/22/10 05:27 PM EDT
The House could consider this week a nearly $5.7 billion emergency spending bill that would help pay for areas affected by heavy snow and flooding, expand a summer jobs program and extend a lending program for small businesses.
The measure includes a $5.1 billion disaster relief fund for the Federal Emergency Management Agency, which has about $2 billion projects on hold because of lacks of funds. The money goes toward fixing damaged infrastructure and preparing for future disasters, according to the House Appropriations Committee.
Summer jobs programs would receive a $600 million boost, fully offset, for an estimated 300,000 jobs for those ages 16 to 24, allowing Workforce Investment Boards to expand programs funded in the stimulus package.
The measure also provides $60 million, also fully offset, to expand a small business lending program for an additional month. The program eliminates fees charged for loans through the Small Business Administration and increases government guarantees on 7(a) loans from 75 percent to 90 percent, according to the committee.
The House Rules Committee is scheduled to consider the measure Monday afternoon.