FAITH in Small Business Act

This legislation aims to ensure equal treatment for certain faith-based organizations within specific Small Business Administration (SBA) programs. It achieves this by giving the force and effect of law to a previously proposed SBA rule. Specifically, the bill codifies the Small Business Administration's proposed rule titled "Ensuring Equal Treatment for Faith-Based Organizations in SBA's Loan and Disaster Assistance Programs," which was issued on January 19, 2021. This action is intended to solidify fair access and impartial treatment for eligible faith-based entities seeking SBA loan and disaster assistance.