Introduced:
May 21, 2025
Policy Area:
Commerce
Congress.gov:
Bill Statistics
3
Actions
2
Cosponsors
0
Summaries
1
Subjects
1
Text Versions
Yes
Full Text
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Latest Action
May 21, 2025
Referred to the House Committee on Small Business.
Actions (3)
Referred to the House Committee on Small Business.
Type: IntroReferral
| Source: House floor actions
| Code: H11100
May 21, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: Intro-H
May 21, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: 1000
May 21, 2025
Subjects (1)
Commerce
(Policy Area)
Cosponsors (2)
(R-IA)
Oct 3, 2025
Oct 3, 2025
(R-AZ)
May 21, 2025
May 21, 2025
Full Bill Text
Length: 1,613 characters
Version: Introduced in House
Version Date: May 21, 2025
Last Updated: Nov 19, 2025 6:14 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3557 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 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.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
May 21, 2025
Mr. Neguse (for himself and Mr. Ciscomani) introduced the following
bill; which was referred to the Committee on Small Business
_______________________________________________________________________
A BILL
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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
[From the U.S. Government Publishing Office]
[H.R. 3557 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 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.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
May 21, 2025
Mr. Neguse (for himself and Mr. Ciscomani) introduced the following
bill; which was referred to the Committee on Small Business
_______________________________________________________________________
A BILL
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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.
LOANS.
Section 7
(d) of the Small Business Act (15 U.
(d) of the Small Business Act (15 U.S.C. 636
(d) ) is
amended by adding at the end the following paragraph:
``
(9) Waiver of interest accrual and payments.--With
respect to a loan made under subsection
(b) for disasters
declared on or after the date of the enactment of this
paragraph, the Administrator shall, for the 12-month period
beginning on the date of disbursement of such loan--
``
(A) establish a rate of interest on such loan of
zero percent; and
``
(B) defer payments during such period on the
principal of such loan.''.
<all>
(d) ) is
amended by adding at the end the following paragraph:
``
(9) Waiver of interest accrual and payments.--With
respect to a loan made under subsection
(b) for disasters
declared on or after the date of the enactment of this
paragraph, the Administrator shall, for the 12-month period
beginning on the date of disbursement of such loan--
``
(A) establish a rate of interest on such loan of
zero percent; and
``
(B) defer payments during such period on the
principal of such loan.''.
<all>