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.

# HR 3557 Summary **What the Bill Does:** HR 3557 would temporarily pause interest and payment obligations on certain disaster loans made through the Small Business Administration (SBA). Specifically, it would waive these requirements for one year, giving eligible borrowers a break from making payments on loans they received to help recover from disasters. **Who It Affects:** The bill targets small business owners and individuals who received disaster loans from the SBA following natural disasters or emergencies.

By temporarily suspending interest accrual and payment requirements, the measure aims to provide financial relief to those already struggling with disaster recovery costs. **Current Status:** The bill is currently in committee (as of the 119th Congress), meaning it has been introduced but has not yet been voted on by the full House of Representatives. The bill was sponsored by Representative Joe Neguse (D-Colorado).