To amend the Small Business Act to establish a program under which the Small Business Administration may make supplemental disaster loans to home owner associations to repair common areas damaged by disasters and implement disaster mitigation measures, and for other purposes.
Sponsor

Full profile: /officials/S001200
Source: Congress.gov · FEC
Cosponsors (1)
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 · 2026-06-04
Plain-English Summary
The Small Business Administration would be allowed to provide extra disaster loans to homeowner associations so they can repair shared community areas damaged by disasters and make improvements to prevent future damage. This would help neighborhoods and condo communities recover from hurricanes, floods, fires, and other disasters by giving them access to federal disaster funding that wasn't previously available to them.
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.
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