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.

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Timeline

1. 5 February 2025

   Introduced

   Referred to the House Committee on Small Business.

   Source: IntroReferral

2. 5 February 2025

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 February 2025

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Introduced in House

  Introduced in House · EN · 5 February 2025

  DownloadOpen at official source

• Introduced in House

  summary · EN · 5 February 2025

  Open at official source

Sponsors

• Rep. Neguse, Joe [D-CO-2] · D · Sponsor
• Jay Obernolte · R · Sponsor
• · hssm00 · Standing

Related records

• related to → Small Business Disaster Damage Fairness Act of 2025