US HB1021

Increases the minimum SBA disaster loan amount requiring collateral from $14,000 to $50,000, and expands the provision to apply to all disasters rather than only "major disasters"

Requires the GAO to submit a report within 3 years on disaster loan performance and default rates, covering the period from September 30, 2020 through 2 years after enactment

Directs the SBA Office of Disaster Recovery and Resilience to distinguish between rural and urban communities in outreach and marketing for the disaster loan program

Requires the SBA to incorporate actions addressing challenges rural communities face in accessing disaster loans, consistent with a February 2024 GAO report on targeted outreach