To amend the Small Business Act to provide for cancellation or repayment for Small Business Administration disaster loans, and for other purposes.
HR 9036 would allow the Small Business Administration (SBA) to cancel or repay the remaining interest and principal on disaster loans for eligible borrowers. It directly affects small business owners who received SBA disaster loans following a declared disaster or emergency. The key provision permits the SBA Administrator to forgive these loan balances starting one year after the disaster declaration date. This creates a clear, automatic process for loan relief without requiring borrowers to apply separately.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2024
Committee Review
Floor Vote
President
Introduced Jul 15, 2024
Last action Jul 15, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jul 15, 2024
House · Referred to committee
Referred to the House Committee on Small Business.
Jul 15, 2024
House · Introduced
Introduced in House
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Troy A. Carter
DDemocratic
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