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Limiting Funds for Small Business Disaster Loans in 2024

This bill proposes a significant reduction in funds available for the Small Business Administration's (SBA) Disaster Loan Program, capping it at $10 million for fiscal year 2024. This means that in the event of natural disasters or other emergencies, financial support for small businesses and independent agencies might be considerably less than in previous years, potentially hindering their recovery and operations.
Key points
Funds for the Small Business Disaster Loan Program will be limited to $10 million in 2024.
Reduced financial support may impact small businesses' ability to recover from disasters.
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Expired
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Additional Information
Print number: 118_HR_2149
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2023-03-29
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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

To provide for a limitation on availability of funds for Independent Agencies, Small Business Administration, Disaster Loan Program for fiscal year 2024.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2149.

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 2023-03-29.

What are the main provisions?

Key points include:

  • Funds for the Small Business Disaster Loan Program will be limited to $10 million in 2024.
  • Reduced financial support may impact small businesses' ability to recover from disasters.
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. Biggs, Andy [R-AZ-5].

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 2025-12-24.

CATEGORIES

Economy Public Investments