To amend the Small Business Act to make disaster loans available for damages caused by prolonged power outages, and for other purposes.
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 7
- Latest action
- Apr 10, 2025
What it does
The bill amends the Small Business Act to include prolonged power outages as a qualifying disaster for Small Business Administration (SBA) disaster loans. It allows borrowers affected by such outages to use loan proceeds to purchase energy resilience systems—like generators, solar panels, or batteries—and to replace spoiled food and drink. A prolonged power outage is defined as an electrical loss affecting at least 25 homes or businesses with significant uninsured losses (40% of property value) or a concurrent outage lasting 48 hours or more.
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.