To amend the Small Business Act with respect to the maximum additional loan amount for certain disaster loans, and for other purposes.
HR 1375 increases the maximum additional loan amount for certain Small Business Administration (SBA) disaster loans from 20% to 30% of a business’s pre-disaster loan balance. This change directly affects small businesses that qualify for SBA disaster loans, allowing them to access larger supplemental funds after a declared disaster. The bill amends Section 7(b)(1)(A) of the Small Business Act to implement this percentage increase. This is a specific policy adjustment to disaster loan eligibility, not a broad program change.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
President
Introduced Feb 14, 2025
Last action Feb 14, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Feb 14, 2025
Committee
Referred to the House Committee on Small Business.
lower
Feb 14, 2025
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Kathy Castor
DDemocratic
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