119-hr5892

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5892 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
 H. R. 5892

 To require the Administrator of the Small Business Administration to 
 carry out a loan program for eligible applicants during the shutdown, 
 and for other purposes.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 October 31, 2025

 Mr. Subramanyam introduced the following bill; which was referred to 
 the Committee on Small Business

_______________________________________________________________________

 A BILL

 To require the Administrator of the Small Business Administration to 
 carry out a loan program for eligible applicants during the shutdown, 
 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. SHORT TITLE.

 This Act may be cited as the ``Keep Main Street Open Act''.

SEC. 2. LOANS FOR ELIGIBLE APPLICANTS DURING THE SHUTDOWN.

    (a) In General.--The Administrator of the Small Business 
Administration shall carry out a program under which an eligible 
applicant may receive a covered loan during a shutdown.

    (b) Terms.--A covered loan made under this section shall--

    (1) be in an amount equal to the losses estimated by the 
 eligible applicant due to the shutdown;

    (2) bear a maximum interest rate of one percent; and

    (3) have a maximum maturity of one year from the date on 
 which the shutdown is terminated.
            (c) === Definitions. ===
-In this Act:

    (1) Eligible applicant.--The term ``eligible applicant'' 
 has the meaning given the term ``eligible recipient'' in 
 

section 7

    (a)

    (36) of the Small Business Act (15 U.S.C. 
 636

    (a)

    (36) ).

    (2) Covered loan.--The term ``covered loan'' means a loan 
 made under 

section 7

    (a) of the Small Business Act (15 U.S.C. 
 636

    (a) ).

    (3) Shutdown.--The term ``shutdown'' means the period--
        (A) beginning on the first day on which there is a 
 partial or full lapse in appropriations; and
        (B) ending on the date that is 30 days after the 
 date of the enactment of appropriations.
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