HR 1021
119th Congress
House
Commerce
Small Business Disaster Damage Fairness Act of 2025
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 5, 2025
Referred to the House Committee on Small Business.
Feb 5, 2025
Introduced in House
Plain-English summary
Small Business Disaster Damage Fairness Act of 2025
This bill increases from $14,000 to $50,000 the threshold loan amount over which the Small Business Administration (SBA) may require collateral for a disaster loan.
The Government Accountability Office must report on the performance, including the default rate, of such loans.
Additionally, the SBA must (1) distinguish between rural and urban communities in the outreach and marketing for disaster loans, and (2) incorporate actions to mitigate challenges encountered by rural communities in accessing such loans.
What's happening now
Referred to the House Committee on Small Business.
Committees of jurisdiction
1
Cosponsors
1