Referred to the House Committee on Small Business.
Amends Section 7(d) of the Small Business Act to require that SBA disaster loans made under subsection (b) for declared disasters after enactment carry a 0% interest rate and have principal payments deferred for 12 months beginning on the loan disbursement date.
Fiscal cost and need for offsets
Relative to its intended legislative type, this bill is a concise statutory amendment that clearly commands the SBA Administrator to set interest at zero percent and defer principal payments for 12 months on specified disaster loans; it functions as a narrow substantive policy change with some administrative implications.
Amends Section 7(d) of the Small Business Act to require that SBA disaster loans made under subsection (b) for declared disasters after enactment carry a 0% interest rate and have principal payments deferred for 12 months beginning on the loan disbursement date.
Modest chance if folded into broader disaster relief or must-pass package; standalone bill faces budget scrutiny and lower priority.
Relative to its intended legislative type, this bill is a concise statutory amendment that clearly commands the SBA Administrator to set interest at zero percent and defer principal payments for 12 months on specified disaster loans; it functions as a narrow substantive policy change with some administrative implications.
Fiscal cost and need for offsets
These are examples from the analysis, not a ranked list of the most-affected groups.
Fiscal cost and need for offsets
Overall favorable: views the bill as timely, direct relief to disaster-affected small businesses.
Sees it as reducing immediate financial distress and supporting equitable recovery.
Generally supportive but cautious: welcomes targeted, time-limited relief, while wanting clarity on costs, implementation, and post-deferral terms.
Skeptical: sympathizes with disaster relief goals but worries about federal subsidy, moral hazard, and fiscal cost; prefers tighter targeting and offsets.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Modest chance if folded into broader disaster relief or must-pass package; standalone bill faces budget scrutiny and lower priority.
The bill has not accumulated any surfaced votes yet.
Fiscal cost and need for offsets
Modest chance if folded into broader disaster relief or must-pass package; standalone bill faces budget scrutiny and lower priority.
Relative to its intended legislative type, this bill is a concise statutory amendment that clearly commands the SBA Administrator to set interest at zero percent and defer principal payments for 12 months on specified d…
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