FAITH in Small Business Act (H.R. 6998)

Where This Stands

Introduced

Committee

Floor Vote

Passed

Signed

Currently in_committee. The next step in the legislative lifecycle is Floor Vote.

Last action

Referred to the House Committee on Small Business.Jan 16, 2024

Lead sponsor

Tracey Mann

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

The Frame

What this does

The bill changes the legal status of a 2021 SBA from an administrative proposal to a binding federal law, impacting how faith-based organizations qualify for and participate in SBA loan and disaster assistance programs.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Faith-based organizations

These organizations are subject to the specific regulatory standards for SBA loan and disaster assistance programs codified by this bill.

Small Business Administration

The agency is required to implement and enforce the 2021 proposed rule as federal law.

What changed

Current stage: in_committee.

What's next

Floor Vote.

Summary

This bill mandates that a specific 2021 regarding faith-based organizations' access to Small Business Administration (SBA) loan and disaster programs be given the full . It effectively codifies administrative guidance into federal statute.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Why It Matters

The bill changes the legal status of a 2021 SBA from an administrative proposal to a binding federal law, impacting how faith-based organizations qualify for and participate in SBA loan and disaster assistance programs.

Frequently Asked Questions

What does this bill actually do?

It takes a from 2021 regarding how faith-based organizations interact with SBA programs and makes it a permanent, binding federal law.

Does this change how I apply for an SBA loan?

The bill specifically addresses the eligibility and treatment of faith-based organizations within SBA loan and disaster programs; it does not change general application procedures for other businesses.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Codification of Administrative Guidance

The bill represents a legislative effort to bypass the standard agency rulemaking process by elevating a 2021 proposed rule directly to statutory status.

Small Business Administration

Connected Entities

organizationSmall Business Administration“The federal agency responsible for the loan and disaster programs affected by th”Map →

personMr. Mann“The Representative who introduced the bill.”Map →

Analysis Score

0–100

Significance40
How much this matters to a regular citizen
Controversy30
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz15
Current news / social attention level