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Increased Disaster Loans for Small Businesses

This new bill increases the maximum additional loan amount available to small businesses after disasters. This change aims to better support entrepreneurs in rebuilding after difficult events, providing them with access to more financial resources. As a result, businesses affected by natural disasters or other misfortunes will be able to recover more quickly.
Key points
The maximum additional loan amount for small businesses after disasters increases from 20% to 30%.
Businesses affected by disasters will have access to greater funds for rebuilding and resuming operations.
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Status:
Introduced
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Additional Information
Print number: 119_HR_1375
Sponsor: Rep. Castor, Kathy [D-FL-14]
Process start date: 2025-02-14
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-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

To amend the Small Business Act with respect to the maximum additional loan amount for certain disaster loans, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1375.

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 2025-02-14.

What are the main provisions?

Key points include:

  • The maximum additional loan amount for small businesses after disasters increases from 20% to 30%.
  • Businesses affected by disasters will have access to greater funds for rebuilding and resuming operations.
What is the specific legal status?

The current status is Introduced.

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. Castor, Kathy [D-FL-14].

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 2025-12-22.

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