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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
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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

FAITH in Small Business Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6998.

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 2024-01-16.

What are the main provisions?

Key points include:

  • 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.
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. Mann, Tracey [R-KS-1].

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 2025-12-25.

CATEGORIES

Economy