119th Congress Commerce
H.R. 1021: Small Business Disaster Damage Fairness Act of 2025
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Jay Obernolte R-CAOriginal
Who scored on this bill
- 1Joe Neguse SponsorDrew cross-party cosponsors, introduced2 events+6
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Other bills by Joe Neguse
History
- Introduced in the House by Joe Neguse.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Small Business.