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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.
6/2/2025, 2:20 PM
Summary of Bill HR 3557
H.R. 3557, introduced in the 119th session of Congress on May 21, 2025, aims to amend the Small Business Act to provide for the suspension of interest accrual and payments on specific disaster loans for a duration of one year, among other objectives not specified in the provided context.
Read the Full Bill
Current Status of Bill HR 3557
Bill HR 3557 is currently in the status of Bill Introduced since May 21, 2025. Bill HR 3557 was introduced during Congress 119 and was introduced to the House on May 21, 2025. Bill HR 3557's most recent activity was Referred to the House Committee on Small Business. as of May 21, 2025
Bipartisan Support of Bill HR 3557
Total Number of Sponsors
3Democrat Sponsors
3Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 3557
Primary Policy Focus
CommerceAlternate Title(s) of Bill HR 3557
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.
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.
Comments
Nico Price
1,064
1 year ago
I don't think this is a good idea. It could have some negative impacts.
Aitana Rollins
956
1 year ago
This bill is great, finally some relief for small businesses! Who benefits from this anyway?
Sponsors and Cosponsors of HR 3557
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