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HR 1375
Recent Bills/HR 1375

To amend the Small Business Act with respect to the maximum additional loan amount for certain disaster loans, and for other purposes.

IntroducedFebruary 14, 2025
Introduced1 year ago
Intro
House
Senate
Pres
Referred to the House Committee on Small Business.
Commerce
More:Recently Introduced BillsHouse Bills
Why This Matters

This bill raises the maximum extra funding that small businesses can borrow after getting a disaster loan from the Small Business Administration (SBA). It changes the cap from 20 percent to 30 percent of the original loan.

Who this affects
Small businesses · SBA disaster loan users
What changes is this bill making?
  1. 1Raises the cap on additional disaster loan funding from 20 percent to 30 percent of the original loan.
  2. 2Applies to loans under the SBA’s disaster loan program.
  3. 3Amends Section 7(b)(1)(A) of the Small Business Act.
Read full document

Last changed 2 months ago · checked hourly

Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
House
Senate
Pres
IntroducedCurrentFeb 14, 2025

Referred to the House Committee on Small Business.

Sponsors
See all 9 sponsors
House
Senate
President

The President

Donald Trump
President
Awaiting Vote
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