H. R. 9036 aims to amend the Small Business Act to offer provisions for the cancellation or repayment of Small Business Administration (SBA) disaster loans. This bill allows the SBA Administrator to cancel or repay part of the interest and principal due on disaster loans for...
Simple Explanation
The bill H. R. 9036 is like a special rule that helps small businesses if they have a loan from the government because of a disaster, by letting them pay less money or even not have to pay some of it back starting one year after the disaster. This means it tries to make things easier for small businesses that got hurt by disasters.