HR 1375 United States House · 119th Congress

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.
Tags: Small Business
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
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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

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Role
Legislator
Party
State
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P
Photo of Kathy Castor
Kathy Castor
DDemocratic
FL
14