H.R. 3557

Summary

H.R. 3557, the 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, was introduced in the House on May 21, 2025 by Rep. Joseph Neguse (D) with 2 co-sponsors. It was referred to Small Business, and last saw action on May 21, 2025: Referred to the House Committee on Small Business.

Record

Text

H.R. 3557 has 2 co-sponsors.

119 HR 3557 IH: 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.
 U.S. House of Representatives
 2025-05-21
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 3557  IN THE HOUSE OF REPRESENTATIVES   May 21, 2025   Mr. Neguse  (for himself and  Mr. Ciscomani ) introduced the following bill; which was referred to the  Committee on Small Business    A BILL
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.
1.
Waiver of interest accrual and payments for certain disaster loans
Section 7(d) of the Small Business Act ( 15 U.S.C. 636(d) ) is amended by adding at the end the following paragraph:
(9)
Waiver of interest accrual and payments
With respect to a loan made under subsection (b) for disasters declared on or after the date of the enactment of this paragraph, the Administrator shall, for the 12-month period beginning on the date of disbursement of such loan—
(A)
establish a rate of interest on such loan of zero percent; and
(B)
defer payments during such period on the principal of such loan.
 .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

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.

Sponsors

Rep. Joseph Neguse (D) sponsors H.R. 3557, and 2 members have co-sponsored it, 1 of them from the day it was introduced.

Joseph Neguse

Rep. · D–CO-2 · Sponsor

Introduced May 21, 2025

Juan Ciscomani

Rep. · R–AZ-6 · Co-sponsor

Joined May 21, 2025 · Original

Zachary Nunn

Rep. · R–IA-3 · Co-sponsor

Joined Oct 3, 2025

Show 3 of 3 rows

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Committees

H.R. 3557 went before 1 committee: Small Business.

Small Business

Small Business

Referred To · May 21, 2025 · 81 Bills

Actions

H.R. 3557 has taken 2 actions since May 21, 2025.

Votes

H.R. 3557 has not gone to a roll call.

Titles

H.R. 3557 goes by 2 titles.

• 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. — Official Title as Introduced
• 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. — Display Title

Lobbying

2 clients hired 2 firms and 11 registered lobbyists who named H.R. 3557 in 5 quarterly filings, 2025. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Taxation/Internal Revenue Code, Telecommunications, Communications/Broadcasting/Radio/TV, Financial Institutions/Investments/Securities, Trade (domestic/foreign).

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files H.R. 3557 under Commerce, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 3557’s is Commerce.

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 3557, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 86 (Wednesday, May 21, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. NEGUSE:H.R. 3557.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H2362]

Source: congress.gov · legiscan.com