Small Business Disaster Damage Fairness Act of 2025
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Feb 4, 2025)
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 just happenedFeb 4, 2025
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Who’s behind it
- Introduced in SenateFeb 4, 2025
- Feb 4, 2025IntroReferral
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Small Business and Entrepreneurship Committee - Feb 4, 2025IntroReferral10000
Introduced in Senate