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Small Business Disaster Loan Changes
Recent Bills/Small Business Disaster Loan Changes

Small Business Disaster Loan Changes

IntroducedFebruary 5, 2025
Introduced6 months ago
Intro
House
Senate
Pres
Referred to the House Committee on the Judiciary.
Why This Matters

This bill changes the rules for disaster loans to help small businesses access funding more easily after disasters. It focuses on increasing loan amounts and improving outreach to rural areas.

If you own a small business, you may find it easier to get a larger disaster loan when needed.
Who this affects
Small business owners
What changes is this bill making?
  1. 1This bill raises the minimum disaster loan amount requiring collateral from $14,000 to $50,000.
  2. 2It allows the Small Business Administration to require collateral for all types of disasters, not just major ones.
  3. 3The bill mandates a report on loan performance and default rates after three years.
  4. 4It requires the Small Business Administration to tailor outreach efforts for rural and urban communities.
  5. 5The bill aims to help rural communities better access disaster loans.
Read the detailed summary

Dairy Nutrition Incentive Program Act of 2025This bill directs the Department of Agriculture (USDA) to establish a dairy nutrition incentive program to develop and test methods to increase the purchase and consumption of dairy under the Supplemental Nutrition Assistance Program (SNAP). Specifically, the program must provide an incentive to SNAP benefit recipients for the purchase of naturally nutrient-rich dairy, which the bill defines to include fluid milk, yogurt, and cheese made from cow's milk. To carry out the program, USDA must enter into cooperative agreements with, or provide competitive grants to, state or local governments and nonprofit organizations for projects. The bill provides funding for the program for each fiscal year. USDA must provide for an independent evaluation of each project that measures, to the maximum extent practicable, the effect of incentives on purchases of naturally nutrient-rich dairy by SNAP recipients. Projects currently carried out by the USDA Healthy Fluid Milk Incentives (HFMI) program must be transitioned to the new dairy nutrition incentive program; the bill repeals the HFMI program one year after USDA certifies that the transition is complete.

Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
House
Senate
Pres
IntroducedCurrentFeb 5, 2025

Referred to the House Committee on the Judiciary.

Sponsors
See all 2 sponsors
House
Senate
President

The President

Donald Trump
President
Awaiting Vote
Similar Bills
House Bill · HR 3557
1 of 4 · Introduced
Disaster Loan Interest Waiver Bill
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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House Bill · HR 804
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Rural Small Business Resilience Act
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House Bill · HR 3422
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Support for Small Business Funding
Promoting Opportunities for Non-Traditional Capital Formation Act
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