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Small Business Support: Cybersecurity Loan Guarantees

This act introduces a loan guarantee program for small businesses to help them acquire cybersecurity technology and services. This aims to protect their data and systems from attacks, potentially leading to greater security for customer transactions and data.
Key points
Small businesses (up to 100 employees, operating for at least 1 year, with training) can apply for guaranteed cybersecurity loans.
Loans up to $50,000 for purchasing hardware, software, cyber insurance, and employee training.
Possibility to defer principal and interest payments for up to 3 years, giving businesses time to implement solutions.
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Expired
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Additional Information
Print number: 117_HR_9443
Sponsor: Rep. Schneider, Bradley Scott [D-IL-10]
Process start date: 2022-12-06
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Small Business Cybersecurity Enhancement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9443.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-12-06.

What are the main provisions?

Key points include:

  • Small businesses (up to 100 employees, operating for at least 1 year, with training) can apply for guaranteed cybersecurity loans.
  • Loans up to $50,000 for purchasing hardware, software, cyber insurance, and employee training.
  • Possibility to defer principal and interest payments for up to 3 years, giving businesses time to implement solutions.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Schneider, Bradley Scott [D-IL-10].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

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Economy Informatization