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To amend the Small Business Act with respect to the maximum additional loan amount for certain disaster loans, and for other purposes.
To amend the Small Business Act with respect to the maximum additional loan amount for certain disaster loans, and for other purposes.
Summary
This bill amends the Small Business Act to increase the maximum additional loan amount for certain disaster loans. The bill increases the additional loan amount from 20 percent to 30 percent of the base disaster loan amount. This change allows small businesses to access larger additional loans when recovering from disasters.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Castor, Kathy [D-FL-14] (D-FL)
Money behind the sponsor
Top reported contributors to Kathy Castor’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Kathy Castor → · Outside spending →
Actions (2)
- Feb 14, 2025 Referred to the House Committee on Small Business. · house
- Feb 14, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
February 14, 2025
Ms. Castor of Florida introduced the following bill; which was referred to the Committee on Small Business
A BILL
To amend the Small Business Act with respect to the maximum additional loan amount for certain disaster loans, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. MAXIMUM ADDITIONAL LOAN AMOUNT FOR CERTAIN DISASTER LOANS.
Section 7(b)(1)(A) of the Small Business Act (15 U.S.C. 636(b)(1)(A)) is amended by striking “20 per centum” and inserting “30 percent”. <all>
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