HR 1021
Small Business Disaster Damage Fairness Act of 2025
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.
Bill status
- Status
- In committee
- Sponsor
- Rep. Joe Neguse [D-CO-2]
- Cosponsors
- 1
- Policy area
- Commerce
- Introduced
- 2025-02-05
- Latest action
- 2025-02-05: Referred to the House Committee on Small Business.
Committee referrals
Recent actions
- 2025-02-05: Referred to the House Committee on Small Business.
- 2025-02-05: Introduced in House
- 2025-02-05: Introduced in House