To authorize the appropriation of $8,000,000,000 for disaster loans.
Latest Action
Referred to the House Committee on Small Business.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™This bill, H.R. 9946 from the 118th Congress, proposes authorizing an appropriation of $8 billion specifically for disaster loans. The bill was introduced in the House of Representatives and referred to the House Committee on Small Business. The purpose of the funding is to support disaster loan programs, which typically provide financial assistance to individuals, businesses, and communities affected by disasters. However, no detailed summary or full text is available to clarify the specific terms, eligibility, or administration of the loans. The bill ultimately failed or expired without further legislative action.
H.R. 9946 sought to allocate $8 billion for disaster loans but did not advance beyond committee referral and expired without enactment.
- The bill authorizes $8 billion in appropriations for disaster loans.
- It was referred to the House Committee on Small Business on October 8, 2024.
- The bill did not progress and is listed as failed or expired.
['Individuals and businesses affected by disasters who may seek disaster loans', "Small businesses potentially supported through the Small Business Administration's disaster loan programs", 'Communities recovering from disasters requiring financial assistance']
['Lack of detailed bill text and summary limits understanding of loan terms, eligibility criteria, and oversight mechanisms', 'Potential fiscal impact of an $8 billion appropriation without specified funding sources or offsets', 'Unclear administrative responsibilities and enforcement provisions due to missing full text']
The bill was introduced in the House during the 118th Congress and referred to the House Committee on Small Business, which typically oversees disaster loan programs. The absence of further action and its status as failed or expired indicates it did not advance through the legislative process. No additional legislative history or debate records are provided.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['If enacted, the appropriation could increase federal spending and impact budget allocations for other programs.', 'Enhanced availability of disaster loans might support faster recovery for affected communities and businesses.', 'Potential administrative burden on agencies managing the loan program depending on implementation details.']
The absence of a full bill text and official summary limits transparency and public understanding of the bill's provisions and potential impacts. Oversight considerations include ensuring clear eligibility criteria, loan terms, and accountability mechanisms for the use of the $8 billion appropriation. Tracking the legislative progress and any related committee reports would be important for comprehensive analysis.
GovScope Intelligence Roadmap
Future bill intelligence will connect sponsors, committee referrals, related votes, campaign finance, disclosures, and stock trades into one legislative intelligence view.