119th Congress
H.R. 1021
Small Business Disaster Damage Fairness Act of 2025
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Joe Neguse(D-CO)
- Introduced
- Feb 5, 2025
- Policy area
- Commerce
- Committees
- House Committee on Small Business
- Official text
- Introduced in House · Congress.gov page
Cosponsors (1)
Original cosponsors (1)
- Jay Obernolte (R-CA)
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
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.
Roll-call votes
No recorded votes on this bill.
Actions
- Feb 5, 2025 · House
Referred to the House Committee on Small Business. - Feb 5, 2025
Introduced in House