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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.
article Official text account_balance Process page
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
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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.

CATEGORIES

Economy Public Investments