# 119-hr-1021: Small Business Disaster Damage Fairness Act of 2025

119-hr-1021, Small Business Disaster Damage Fairness Act of 2025, is a 119th Congress bill sponsored by Rep. Neguse, Joe [D-CO-2] (D-CO); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-1021
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1021
- Congress: 119
- Title: Small Business Disaster Damage Fairness Act of 2025
- Status: introduced
- Introduced: 2025-02-05
- Sponsor: Rep. Neguse, Joe [D-CO-2] (D-CO)
- Cosponsors: 1
- Policy area: Commerce
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Would raise the minimum collateral for Small Business Administration disaster loans to $50,000 and expand the collateral rule from "major disasters" to all disasters.** - Small businesses seeking SBA disaster loans would face a higher collateral threshold, increasing the minimum from $14,000 to $50,000. This change could require smaller borrowers to pledge more assets or find other financing. - Rural communities would get targeted outreach. The SBA must tailor its disaster loan marketing and include actions to address challenges rural areas face accessing loans, following GAO findings. - The Comptroller General would have to deliver a report within 3 years on the performance and default rates of loans made under section 7(b)(1), covering loans from Sept 30, 2020 through two years after enactment.

## Cosponsors (1)

- Rep. Obernolte, Jay [R-CA-23] (R-CA), 2025-02-05T00:00:00.000Z

## Provisions PRIA read

- Targeted SBA outreach for rural communities: benefit, low. If enacted, SBA would update its disaster loan outreach plan. It would separate rural and urban needs and add steps to reduce rural access problems. The approach would follow a 2024 GAO report. This would begin upon enactment and could help rural small businesses find and use SBA loans.
- Higher collateral for SBA disaster loans: cost, medium. If enacted, SBA disaster loans would face a higher collateral floor. The minimum collateral threshold would rise to $50,000, up from $14,000. The rule would also apply to any declared disaster, not only a major disaster. This would start upon enactment and could make it harder for some small busine…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-9237: Take Care of America’s Veterans Act
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-10061: Wildfire Response and Readiness Act
- 119-hr-7973: Momnibus Act
- 119-hr-9070: OPEN Act

## Sources
- [119-hr-1021 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1021)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-10061: Wildfire Response and Readiness Act](https://policyrisk.com/legislation/119-hr-10061)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-9070: OPEN Act](https://policyrisk.com/legislation/119-hr-9070)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1021 (as of 2026-04-21).