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US HB5892

Bill

Official Source

Status

Introduced

10/31/2025

Primary Sponsor

Suhas Subramanyam

Click for details

Origin

House of Representatives

119th Congress

AI Summary

  • Small Business Administration required to provide SBA 7(a) loans to eligible small businesses during federal government shutdowns
  • Loan amounts equal to the applicant's estimated losses due to the shutdown, with a maximum interest rate of 1%
  • Loans must be repaid within one year from the date the shutdown ends
  • Eligible applicants include small business concerns, nonprofits, veterans organizations, and tribal businesses as defined under existing SBA 7(a) loan criteria
  • Shutdown period defined as beginning on the first day of a partial or full lapse in appropriations and ending 30 days after appropriations are enacted

Legislative Description

Keep Main Street Open Act

Commerce

Last Action

Referred to the House Committee on Small Business.

10/31/2025

Committee Referrals

Small Business10/31/2025

Full Bill Text

No bill text available