Read twice and referred to the Committee on Small Business and Entrepreneurship.
This bill raises the dollar threshold at which the Small Business Administration (SBA) may require collateral for disaster loans from $14,000 to $50,000 and replaces the phrase "major disaster" with "disaster" in that provision. It directs the Comptroller General to report within three years on disaster loan performance and default rates from Sept 30, 2020 through two years after enactment, including effects of the collateral change.
Access vs fiscal risk: liberal prioritizes access; conservatives highlight taxpayer exposure.
Relative to its intended legislative type, this bill is a focused statutory amendment that is precisely drafted and supplemented by a defined reporting requirement and an administrative outreach mandate, but it omits fiscal/resourcing language and detailed safeguards for transitional or edge-case scenarios.
This bill raises the dollar threshold at which the Small Business Administration (SBA) may require collateral for disaster loans from $14,000 to $50,000 and replaces the phrase "major disaster" with "disaster" in that provision.
It directs the Comptroller General to report within three years on disaster loan performance and default rates from Sept 30, 2020 through two years after enactment, including effects of the collateral change.
The bill also requires the SBA to distinguish between rural and urban communities in outreach for its disaster loan program and to act to mitigate rural access challenges, consistent with a recent GAO recommendation.
Narrow, administratively focused bill with low fiscal impact and built-in oversight, making passage likely absent unrelated political objections.
Relative to its intended legislative type, this bill is a focused statutory amendment that is precisely drafted and supplemented by a defined reporting requirement and an administrative outreach mandate, but it omits fiscal/resourcing language and detailed safeguards for transitional or edge-case scenarios.
Access vs fiscal risk: liberal prioritizes access; conservatives highlight taxpayer exposure.
These are examples from the analysis, not a ranked list of the most-affected groups.
Access vs fiscal risk: liberal prioritizes access; conservatives highlight taxpayer exposure.
Likely supportive because the bill reduces barriers for small and rural businesses after disasters and mandates targeted outreach.
Supports oversight through a GAO report to track default impacts, while seeking protections for vulnerable borrowers.
Generally favorable to reducing small-business friction while valuing oversight.
Views GAO reporting and rural outreach as prudent safeguards but wants to watch fiscal and default risks.
Cautious or skeptical because raising the collateral exemption increases unsecured lending and potential taxpayer risk.
Supports helping small businesses, but prefers stronger underwriting and limits to prevent moral hazard.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Narrow, administratively focused bill with low fiscal impact and built-in oversight, making passage likely absent unrelated political objections.
The bill has not accumulated any surfaced votes yet.
Access vs fiscal risk: liberal prioritizes access; conservatives highlight taxpayer exposure.
Narrow, administratively focused bill with low fiscal impact and built-in oversight, making passage likely absent unrelated political objec…
Relative to its intended legislative type, this bill is a focused statutory amendment that is precisely drafted and supplemented by a defined reporting requirement and an administrative outreach mandate, but it omits fi…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.