Small Business Disaster Damage Fairness Act of 2025

Sponsored bySen. Kennedy, John [R-LA]LA· Introduced 4 February 2025

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Read twice and referred to the Committee on Small Business and Entrepreneurship.

4 February 2025·1 year ago

Summary

Introduced in Senate · Updated 25 February 2026

Small Business Disaster Damage Fairness Act of 2025

This bill increases from $14,000 to $50,000 the threshold loan amount over which the Small Business Administration (SBA) may require collateral for a disaster loan.

The Government Accountability Office must report on the performance, including the default rate, of such loans.

Additionally, the SBA must (1) distinguish between rural and urban communities in the outreach and marketing for disaster loans, and (2) incorporate actions to mitigate challenges encountered by rural communities in accessing such loans.

Timeline

2 actions

Read twice and referred to the Committee on Small Business and Entrepreneurship.
4 February 2025 · IntroReferral
Introduced in Senate
4 February 2025 · IntroReferral

Sponsorship

2 cosponsors

Sponsor

Sen. Kennedy, John [R-LA]LA

Cosponsors

Democrat2100%

Democrat:Sen. Hirono, Mazie K. [D-HI]HI
Democrat:Sen. Booker, Cory A. [D-NJ]NJ

Classification

Policy area

Commerce

Track Small Business Disaster Damage Fairness Act of 2025 as it moves through Congress