To amend the Small Business Act to establish a program under which the Small Business Administration may make supplemental disaster loans to home owner associations to repair common areas damaged by disasters and implement disaster mitigation measures, and for other purposes.
Bill Summary
Establishes a program that allows the Small Business Administration to make loans to homeowner associations to repair common areas damaged by disasters and implement measures to prevent future damage. Funds these loans to help associations recover from disasters.
Sponsored By
Bill Journey
- Jun 4, 2026
- Jun 4, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
Affects homeowner associations in disaster-prone areas, providing them with access to loans to repair damaged common areas and implement disaster mitigation measures. Enables these associations to recover from disasters and reduce the risk of future damage to their properties.
Impact Areas
Support & Opposition
- Democratic1
Documents
1
Full text opens on congress.gov, the official source.
Bill Details
- Climate
- Retail
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.