H.R. 1021: Small Business Disaster Damage Fairness Act of 2025

H.R. 1021 is a federal bill in the 119th Congress. Currently, if a small business applies for a disaster loan from the Small Business Administration (SBA), they must provide collateral for any loan amount exceeding $14,000. This bill changes that rule, so small businesses would only need to provide… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.