Small Business Disaster Damage Fairness Act of 2025
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Jul 29, 2005 | Senate · vote #219 | On Passage of the Bill S. 397 | Passed | 65–31 | See who voted → |
| Jul 26, 2005 | Senate · vote #206 | On the Cloture Motion S. 397 | Agreed To | 66–32 | See who voted → |
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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.
Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 397: Small Business Disaster Damage Fairness Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-S-397/
"S. 397: Small Business Disaster Damage Fairness Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-397/.
S. 397, 119th Cong. (2026), https://openamerica.io/bill/119-S-397/.
[S. 397: Small Business Disaster Damage Fairness Act of 2025](https://openamerica.io/bill/119-S-397/)