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Nydia Velazquez

Small businesses hurt by Sandy could re-apply for loans

Small businesses that were affected by Superstorm Sandy and are still struggling could have another chance to apply for government assistance.

Legislation passed by the House and sent to President Barack Obama Monday would allow small businesses affected by Sandy to apply for new loans from the Small Business Administration, a response lawmakers say was needed after the agency moved too slowly in the wake of the superstorm that slammed the East Coast three years ago. Some homeowners could also be eligible for new loans.

The House passed the bill by voice vote after the Senate passed it last month.

The bill also lays out new parameters for giving emergency disaster...