H.R. 3557In committeeJobs & the economy
SBA disaster loans would get a 12-month interest-free window
Data as of July 11, 2026
Small businesses and individuals with new federal disaster loans would pay zero interest and no payments for the first 12 months after receiving funds.40-second read · 4 questions answered below
Decoded
What does this do?
This bill would set the interest rate to zero and pause all payments for the first 12 months on qualifying federal disaster loans. After that year, normal loan terms would resume. It only applies to loans tied to disasters declared after the bill becomes law.
Who does it affect?
Small businesses, homeowners, and renters who receive a disaster loan through the Small Business Administration after this bill takes effect would qualify. People with existing or older disaster loans would not be covered.
Why does it matter?
Borrowers would have one year without interest charges or required payments before standard repayment begins. Loans connected to disasters declared before the bill's enactment would continue under their original terms.
Where does it stand?
- Introduced
- House committee — You are here
- House vote
- Senate
- President's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
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Official title
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.
- Introduced:
- May 21, 2025
- Latest action:
- May 21, 2025
Referred to the House Committee on Small Business.
Read the official bill on Congress.govMake the call
Three steps: where you stand, your script, the call.