HR 1021 · 119th Congress 2025–2027

Small Business Disaster Damage Fairness Act of 2025

Introduced Feb 5, 2025 Originated House Sponsor Joe Neguse D-CO

Fact sheet

Latest action · Feb 5, 2025 Referred to the House Committee on Small Business.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedFeb 5, 2025
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

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.

Cosponsors 1

Members who signed on, in the order they did. All signed on Feb 5, 2025.

SeatCosponsorSigned on
R-CAJay ObernolteOriginalFeb 5, 2025

Actions 2

Everything that happened, newest first.

  1. Feb 5, 2025Introduced in House
  2. Feb 5, 2025Referred to the House Committee on Small Business.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 397Small Business Disaster Damage Fairness Act of 2025Identical billFeb 4, 2025

Subjects

Assigned by the Library of Congress. Policy area: Commerce.

Text 1

Each version as it was printed, newest first.

  1. Feb 5, 2025Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.