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Updates the Small Business Administration’s disaster response loan statute by making targeted edits to the existing law (15 U.S.C. 636k). It directs specific insertions and deletions in several subsections to refine the text.
The changes appear technical and clarifying. No new programs, funding, taxes, or penalties are described in the provided excerpt. Any practical effects would come from how SBA implements the updated wording in its disaster assistance processes for small businesses.
Referred to the House Committee on Small Business.
Introduced February 21, 2025 by Ashley Hinson · Last progress February 21, 2025