Small Business Disaster Damage Fairness Act of 2025
- Bill Number
- H.R. 1021
- Origin Chamber
- House
- Congress
- 119th Congress, Session 1
- Policy Area
- Commerce
- Status
- Introduced
- Latest Action
- 2025-02-05: Referred to the House Committee on Small Business.
- Last Updated
- 2025-12-05T22:02:23Z
Official 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.
Sponsor
Cosponsors (1)
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
Bill Versions
- Small Business Disaster Damage Fairness Act of 2025 — issued 2025-02-05 — PDF (4 pages)