HR3557Referred to Committee

To amend the Small Business Act to waive the accrual of interest and payments for certain disaster loans for a year, and for other purposes.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-05-21
Introduced
2
Cosponsors
HR
ⓘ
Type

Sponsor

Joe Neguse
Joe Neguse
Democrat · CO · Representative
Votes with party: 98.1% (672 recorded votes)
Top industries funding sponsor:
  • Progressive Groups$78k

Full profile: /officials/N000191

Source: Congress.gov · FEC

Cosponsors (2)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Small Business.

2025-05-21

Source: Congress.gov

Committee Activity

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Previously

Plain-English Summary

Small businesses that received disaster loans would get a one-year break from paying interest and making loan payments on those debts. This relief would help business owners who are struggling to recover from disasters by giving them temporary financial breathing room without their debt growing larger.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Commerce
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Related legislation

Bills by the same sponsor or covering overlapping subjects.