Small Business Disaster Damage Fairness Act of 2023

United States118th CongressS-943Senate
Updated: Jul 25, 2023

Summary

Small Business Disaster Damage Fairness Act of 2023 This bill increases from $14,000 to $25,000 the threshold loan amount over which the Small Business Administration may require collateral for a disaster loan. The Government Accountability Office must report on the performance, including the default rate, of such loans.

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Timeline

Latest companion bill action

HR-9611: Small Business Disaster Damage Fairness Act of 2024

Referred to the House Committee on Small Business.

  1. Introduced in Senate

  2. Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.

    Senate

  3. Placed on Senate Legislative Calendar under General Orders. Calendar No. 165.

    Senate

  4. Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with an amendment in the nature of a substitute. Without written report.

    Senate