Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
HR5568119th CongressWALLET
Funding Small Businesses During Shutdown Act
Sponsored By: Representative Conaway, Herbert C. [D-NJ-3]
Introduced
Summary
Keeps SBA loan servicing running during shutdowns. This bill would create temporary, lapse-triggered FY2026 funds to ensure certain Small Business Administration loan programs and related admin costs keep operating during discretionary funding gaps for 30-day periods or pro-rated shorter lapses.
Show full summary
- Small businesses and borrowers: Would preserve loan servicing so payments, guarantees, and borrower support continue during funding gaps. It includes up to $2.9 billion for section 7(a) loans and $500,000 for section 7(m) loans per 30-day lapse, pro-rated for shorter gaps.
- Small Business Investment Company programs: Would provide up to $1.3 billion for title V (SBIC) activity to maintain investments and loan work during lapses.
- SBA operations: Would fund administrative expenses tied to servicing the subsection (m) program with $13.8 million available per 30-day lapse, drawn from unobligated Treasury funds.
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Backup funds for small-business loans in shutdowns
If enacted, the Small Business Administration would get automatic funds during any FY 2026 shutdown that starts after enactment. For each 30-day lapse (pro-rated if shorter), the Treasury would provide about $2.917 billion for 7(a) loan servicing, $1.25 billion for Small Business Investment Company loan servicing, $500,000 for 7(m) loan servicing, and $13.775 million for 7(m) admin costs. The money would pay salaries and expenses needed to keep servicing these loans. This would help small-business borrowers avoid service gaps during a shutdown and would not change loan terms.
Sponsors & CoSponsors
Sponsor
Conaway, Herbert C. [D-NJ-3]
NJ • D
Cosponsors
Rep. Simon, Lateefah [D-CA-12]
CA • D
Sponsored 9/26/2025
Rep. Castro, Joaquin [D-TX-20]
TX • D
Sponsored 9/26/2025
Rep. Morrison, Kelly [D-MN-3]
MN • D
Sponsored 9/26/2025
Rep. Olszewski, Johnny [D-MD-2]
MD • D
Sponsored 9/26/2025
Rep. Landsman, Greg [D-OH-1]
OH • D
Sponsored 9/30/2025
Rep. Horsford, Steven [D-NV-4]
NV • D
Sponsored 9/30/2025
Rep. McBride, Sarah [D-DE-At Large]
DE • D
Sponsored 10/3/2025
Rep. Bell, Wesley [D-MO-1]
MO • D
Sponsored 10/8/2025
Rep. Chu, Judy [D-CA-28]
CA • D
Sponsored 10/14/2025
Rep. Scholten, Hillary J. [D-MI-3]
MI • D
Sponsored 10/14/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov