H.R. 1021 · 119th Congress

Small Business Disaster Damage Fairness Act of 2025

In committee

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Bill details

Introduced: 2/5/2025

Current status: In committee

Introduced by: Joe Neguse (D · CO-02)

Bill ID: 119hr1021

Latest official action: Referred to the House Committee on Small Business.

Bill overview

A neutral overview based on official congressional sources.

Introduced in House

Small Business Disaster Damage Fairness Act of 2025 This bill increases from $14,000 to $50,000 the threshold loan amount over which the Small Business Administration (SBA) may require collateral for a disaster loan. The Government Accountability Office must report on the performance, including the default rate, of such loans. Additionally, the SBA must (1) distinguish between rural and urban communities in the outreach and marketing for disaster loans, and (2) incorporate actions to mitigate challenges encountered by rural communities in accessing such loans.

Source: BILLSUM · Summary date: 2/5/2025

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Last updated: 3/16/2026Source: BILLSUMBill: 119hr1021Learn more →