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.
Sponsor
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 →
Committee Activity
Currently in
- House Committee on Small BusinessReferred To · 2025-05-21
Previously
- Small Business CommitteeReferred To · 2025-05-21
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
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