United States · Bill · S
S. 397 (119th)
Small Business Disaster Damage Fairness Act of 2025
Introduced
4 February 2025
Last action
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Status
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sponsors
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Subjects
Discovery layer
Source updated
25 February 2026
Summary
Small Business Disaster Damage Fairness Act of 2025 This bill increases from $14,000 to $50,000 the threshold loan amount over which the Small Business Administration (SBA) may require collateral for a disaster loan. The Government Accountability Office must report on the performance, including the default rate, of such loans. Additionally, the SBA must (1) distinguish between rural and urban communities in the outreach and marketing for disaster loans, and (2) incorporate actions to mitigate challenges encountered by rural communities in accessing such loans.
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Documents
2 official files
Introduced in Senate
Introduced in Senate
Introduced in Senate · EN · 4 February 2025
Introduced in Senate
summary · EN · 4 February 2025
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/119th-congress/senate-bill/397
- Open data entity: https://api.congress.gov/v3/bill/119/s/397