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119-s-3417119th CongressWALLET

Main Street Lending Improvement Act of 2025

Sponsored By: Senator Justice, James C. [R-WV]

Introduced

Summary

This bill would require the Comptroller General (the Government Accountability Office) to study and recommend fixes to how federal small business loans are disbursed, with an emphasis on speeding access and improving transparency.

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  • Small businesses would see a targeted push for faster funding and clearer status updates. The study must recommend ways to shorten application-to-disbursement times and improve applicant communications.
  • Appalachian communities would get separate, comparable data. The GAO would report loan counts, approval rates, average and median loan sizes, and processing times for parts of each covered region that are inside and outside the Appalachian region.
  • Federal lenders and agencies would face an accountability timeline. The Comptroller General must provide an interim briefing within 1 year and a full report within 2 years that identifies internal process changes to reduce inefficiencies and offers recommendations to increase loan accessibility.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Study to speed small business loans

This bill would require the Comptroller General to study how certain small business loans were disbursed from Jan 1, 2021 through Dec 31, 2024. It would cover SBA title V loans and loans under sections 7(a) and 7(m), but would exclude loans made under COVID-19 response programs. For each SBA region that includes any part of the Appalachian region, the study would compare the Appalachian portion and the non‑Appalachian portion each year on: average time from application submission to funds disbursement and time for each step; loans disbursed per 1,000 small businesses; loans approved per 1,000 small businesses; average and median loan sizes; and aggregate dollars disbursed per 1,000 businesses. The Comptroller General would brief Congress within 1 year on progress and would send a final report within 2 years with recommendations to increase access, shorten application-to-disbursement time, improve applicant status information, and identify agency processes to reduce inefficiencies.

Sponsors & CoSponsors

Sponsor

Justice, James C. [R-WV]

WV • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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