Small Business Disaster Damage Fairness Act of 2025
- Last Action
- 2/5/2025
Actions
- 2025-02-05Referred to the House Committee on Small Business.
- 2025-02-05Introduced in House
- 2025-02-05Introduced in House
CRS Summary
As of 2025-02-05 (00)
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.
Cosponsors (1)
- Jay Obernolte (R-CA)
Sourced from Congress.gov (public domain).
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