This bill proposes an amendment to the Small Business Act, aiming to provide significant financial relief to recipients of certain disaster loans. Its core purpose is to ease the burden on small businesses and individuals recovering from disasters by temporarily adjusting loan terms. For disaster loans issued under subsection (b) for disasters declared on or after the bill's enactment date, the Administrator would be mandated to implement a 12-month relief period . During this period, starting from the loan disbursement date, the interest rate on these loans would be set at zero percent , and borrowers would also benefit from a deferral of principal payments . This measure offers critical financial breathing room during the initial recovery phase following a disaster.