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Funding Small Businesses During Government Shutdown: Ensuring Loan Continuity

This bill appropriates funds for fiscal year 2024 to continue servicing certain Small Business Administration (SBA) loan programs during a government shutdown. It allocates funding for salaries and expenses necessary to service loans under Section 7(a), microloans, and Title V of the Small Business Investment Act.
Key points
Provides funding for salaries and expenses necessary to service SBA loans (e.g., 7(a) and microloans) during a government shutdown.
Allocates a total of over $4 billion for these purposes for a 30-day period of any potential lapse in 2024.
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Status:
Expired
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Additional Information
Print number: 118_HR_7473
Sponsor: Rep. Schiff, Adam B. [D-CA-30]
Process start date: 2024-02-28
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Funding Small Businesses During Shutdown Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7473.

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 2024-02-28.

What are the main provisions?

Key points include:

  • Provides funding for salaries and expenses necessary to service SBA loans (e.g., 7(a) and microloans) during a government shutdown.
  • Allocates a total of over $4 billion for these purposes for a 30-day period of any potential lapse in 2024.
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. Schiff, Adam B. [D-CA-30].

What is the latest detailed status?

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

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Public Investments