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Ending Collateral Sunset for SBA Disaster Loans

This bill removes the expiration date for collateral requirements on Small Business Administration (SBA) disaster loans. This means the rules for collateral on these loans will remain in effect indefinitely, potentially impacting the availability and terms of financing for businesses affected by disasters.
Key points
Collateral requirements for SBA disaster loans will no longer expire, remaining permanent.
Small businesses affected by disasters will continue to face collateral requirements when seeking financial aid from the SBA.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_4299
Sponsor: Sen. Kennedy, John [R-LA]
Process start date: 2022-05-24
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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

A bill to repeal the sunset for collateral requirements for Small Business Administration disaster loans.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4299.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-05-24.

What are the main provisions?

Key points include:

  • Collateral requirements for SBA disaster loans will no longer expire, remaining permanent.
  • Small businesses affected by disasters will continue to face collateral requirements when seeking financial aid from the SBA.
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 Sen. Kennedy, John [R-LA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy