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

USA119th CongressHR-1375| House 
| Updated: 2/14/2025
Kathy Castor

Kathy Castor

Democratic Representative

Florida

Small Business Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill proposes an amendment to the Small Business Act, specifically targeting the provisions related to disaster loans. Its primary purpose is to increase the maximum additional loan amount that can be provided to eligible recipients following a disaster. The current limit of 20 percent will be raised to 30 percent . By adjusting this percentage, the legislation seeks to enhance the financial support available to small businesses and other entities recovering from significant events. This change is intended to offer greater flexibility and resources to aid in the rebuilding and recovery process after a disaster.
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Timeline
Feb 14, 2025
Introduced in House
Feb 14, 2025
Referred to the House Committee on Small Business.
  • February 14, 2025
    Introduced in House


  • February 14, 2025
    Referred to the House Committee on Small Business.

Commerce

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

USA119th CongressHR-1375| House 
| Updated: 2/14/2025
This bill proposes an amendment to the Small Business Act, specifically targeting the provisions related to disaster loans. Its primary purpose is to increase the maximum additional loan amount that can be provided to eligible recipients following a disaster. The current limit of 20 percent will be raised to 30 percent . By adjusting this percentage, the legislation seeks to enhance the financial support available to small businesses and other entities recovering from significant events. This change is intended to offer greater flexibility and resources to aid in the rebuilding and recovery process after a disaster.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 14, 2025
Introduced in House
Feb 14, 2025
Referred to the House Committee on Small Business.
  • February 14, 2025
    Introduced in House


  • February 14, 2025
    Referred to the House Committee on Small Business.
Kathy Castor

Kathy Castor

Democratic Representative

Florida

Small Business Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted