CONGRESS FOR VOTERS

DemocratBill · H.R. 3557· House(119-HR-3557)

To amend the Small Business Act to waive the accrual of interest and payments for certain disaster loans for a year, and for other purposes.

Rep. Neguse
Age: 42 years
Colorado
Introduced
5/21/2025
Last activity
5/21/2025 — Referred to the House Committee on Small Business.
Sponsored by
Joe Neguse
Cosponsors
Democrat - 0Republican - 2
Commerce
  1. Introduced
  2. In Committee

What this bill would do

This bill proposes an amendment to the Small Business Act. It focuses on waiving interest accrual and payments for certain disaster loans for a one-year period. Specifically, for loans made due to disasters declared on or after the date this is enacted, the Administrator must set the interest rate to zero percent. Additionally, the bill requires that principal payments be deferred for the first 12 months following the loan disbursement.

Yes

  • Would business owners be better off under this?+7

    The bill offers substantial relief to business owners through zero interest and principal deferment after disasters.

  • Does this make it easier to run a small business?+7

    The bill provides significant relief to small businesses by waiving interest and principal payments for one year following a disaster.

  • Does this improve help for people hit by a disaster?+6

    The bill provides direct financial relief for disaster-related loans, which complements disaster relief efforts.

The opposite

No question was scored the opposite.