Small Business Disaster Damage Fairness Act of 2025
Introduced Feb 4, 2025 by Sen. John Kennedy
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
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.
Summary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.