To amend the Small Business Act to waive the accrual of interest and payments for certain disaster loans for a year, and for other purposes.
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 3
- Latest action
- May 21, 2025
What it does
The bill would amend the Small Business Act to waive interest accrual and defer payments on certain disaster loans for a 12-month period beginning on the date of disbursement. It applies to loans made under subsection (b) for disasters declared on or after the date the provision is enacted. During this period, the interest rate would be set to zero percent and principal payments would be deferred. The bill was introduced in the House and referred to the Committee on Small Business.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.