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Low-Interest Loans for Small Businesses During Government Shutdowns.

This Act establishes a new loan program managed by the Small Business Administration (SBA). Small businesses suffering financial losses due to a partial or full government shutdown can apply for these special loans. The goal is to help entrepreneurs keep their operations running during periods of federal funding lapses.
Key points
Small businesses can receive loans equal to the estimated losses incurred because of the government shutdown.
The maximum interest rate for these loans is set at only 1 percent, reducing costs for businesses.
Loans must be repaid within a maximum of one year after the government shutdown ends.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_5892
Sponsor: Rep. Subramanyam, Suhas [D-VA-10]
Process start date: 2025-10-31
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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

Keep Main Street Open Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5892.

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 2025-10-31.

What are the main provisions?

Key points include:

  • Small businesses can receive loans equal to the estimated losses incurred because of the government shutdown.
  • The maximum interest rate for these loans is set at only 1 percent, reducing costs for businesses.
  • Loans must be repaid within a maximum of one year after the government shutdown ends.
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. Subramanyam, Suhas [D-VA-10].

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 2025-12-23.

CATEGORIES

Economy