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Authorizing $8 Billion for Disaster Recovery Loans for Citizens and Businesses.

This bill authorizes the appropriation of $8 billion to the Small Business Administration (SBA). This funding is specifically designated for disaster loans, helping individuals and small businesses recover financially after declared natural disasters. Securing these funds ensures quicker access to necessary financial aid during recovery efforts.
Key points
$8 billion authorized for the Small Business Administration to issue disaster loans.
The funding supports citizens and small businesses rebuilding after natural disasters.
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Expired
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Additional Information
Print number: 118_HR_9946
Sponsor: Rep. Moskowitz, Jared [D-FL-23]
Process start date: 2024-10-08
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To authorize the appropriation of $8,000,000,000 for disaster loans.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9946.

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 2024-10-08.

What are the main provisions?

Key points include:

  • $8 billion authorized for the Small Business Administration to issue disaster loans.
  • The funding supports citizens and small businesses rebuilding after natural 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. Moskowitz, Jared [D-FL-23].

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 2025-12-26.

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Economy Public Investments