Funding Small Businesses During Shutdown Act
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Bill details
Summary
Introduced in House
Funding Small Businesses During Shutdown Act This bill provides FY2026 appropriations to continue servicing loans made under certain Small Business Administration (SBA) loan programs if there is a lapse in discretionary appropriations (i.e., government shutdown) in FY2026. If there is a lapse in FY2026 appropriations for the SBA, the bill provides specified appropriations to pay for the salaries and expenses necessary to continue servicing any loans made under several loan programs authorized by the Small Business Act and the Small Business Investment Act of 1958. The bill provides the appropriations for any 30-day period in which there is a lapse in SBA appropriations and on a pro-rated basis if the lapse is less than 30 days.
District impact notes
The Funding Small Businesses During Shutdown Act aims to provide funding to ensure that loans under certain Small Business Administration programs can continue to be serviced during government shutdowns. • This could help local small businesses maintain access to loan servicing during periods of government funding lapses. • It may also impact local financial institutions that participate in SBA loan programs by ensuring continuity in servicing. • A consideration could be how the appropriations are allocated and whether they adequately cover the needs of all affected programs during a shutdown. AI-generated from official bill summary and plain-English note; verify with official text.
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