Small Business Disaster Damage Fairness Act of 2023
Last action on Mar 11, 2025Read twice and referred to the Committee on Banking, Hous...
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Summary
Small Business Disaster Damage Fairness Act of 2023
This bill increases from $14,000 to $25,000 the threshold loan amount over which the Small Business Administration may require collateral for a disaster loan.
The Government Accountability Office must report on the performance, including the default rate, of such loans.
Lifecycle of the Bill
Introduced in Senate
Mar 11, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 11, 2025
