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Equal Treatment for Faith-Based Organizations in SBA Programs

This act ensures that faith-based organizations receive equal treatment in Small Business Administration (SBA) loan and disaster assistance programs. This means these organizations will have the same access to financial support, potentially helping them grow and sustain their operations, and thus continue providing services to their communities.
Key points
Faith-based organizations will have equal access to SBA loan and disaster assistance programs.
Previously proposed rules for equal treatment by the SBA are now legally binding, ensuring stability and predictability.
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Additional Information
Print number: 118_HR_6998
Sponsor: Rep. Mann, Tracey [R-KS-1]
Process start date: 2024-01-16