H. R. 1375 aims to amend the Small Business Act by increasing the maximum loan amount available for certain disaster loans from 20% to 30%. The bill was introduced by Ms. Castor of Florida and was referred to the Committee on Small Business. This change is intended to provide...
Simple Explanation
Imagine your favorite lemonade stand got hit by a big storm and needs to borrow money to fix things. H.R. 1375 wants to let these stands borrow a bit more money than before so they can fix everything faster.