NFIP Retroactive Renewal and Reauthorization Act

House Bill

H.R. 5848

119th Congress

NFIP Retroactive Renewal and Reauthorization Act

In Committee

Introduced:Oct 28, 2025

Primary Sponsor

Mike Ezell

Representative

Republican

MS-4

Cosponsors

9

Quick Stats

Policy Area

Commerce

Summary

This bill would prohibit the Small Business Administration (SBA) from directly making loans to small businesses through its 7(a) Loan Program. Instead, the SBA would only be able to guarantee loans made by private lenders.

Latest Action

Referred to the House Committee on Small Business.

SponsorMike Ezell (R-MS)

Introduced10/28/2025

StatusReferred to the House Committee on Financial Services.

ChamberHouse

Data from Congress.gov

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Vote Prediction

NFIP Retroactive Renewal and Reauthorization Act

This bill would prohibit the Small Business Administration (SBA) from directly making loans to small businesses through its 7(a) Loan Program. Instead, the SBA would only be able to guarantee loans made by private lenders.

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill would prohibit the Small Business Administration (SBA) from directly making loans to small businesses through its 7(a) Loan Program. Instead, the SBA would only be able to guarantee loans made by private lenders.

Bill Number: 5848
Sponsor: Mike Ezell (R-MS)
Introduced: 10/28/2025
Status: Referred to the House Committee on Financial Services.
Policy Area: Commerce

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: NFIP Retroactive Renewal and Reauthorization Act
Bill Number: 5848
Sponsor: Mike Ezell (R-MS)
Status: Referred to the House Committee on Financial Services.
Introduced: 10/28/2025
Summary: This bill would prohibit the Small Business Administration (SBA) from directly making loans to small businesses through its 7(a) Loan Program. Instead, the SBA would only be able to guarantee loans made by private lenders.

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would prohibit the Small Business Administration (SBA) from directly making loans to small businesses through its 7(a) Loan Program. Instead, the SBA would only be able to guarantee loans made by private lenders.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

<p>This bill prohibits the Small Business Administration from directly making a loan under the 7(a) Program, which authorizes loans and loan guaranties to small businesses that meet certain requirements.</p>

Key Points

Main provisions of the bill

Bans the SBA from directly providing 7(a) loans to small businesses
Requires the SBA to only guarantee loans made by private lenders, not make the loans directly
Aims to shift small business lending away from the government and towards the private sector

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, small businesses would no longer be able to obtain 7(a) loans directly from the SBA. They would have to go through private lenders who receive SBA loan guarantees. This could make it more difficult for some small businesses, especially those with limited credit history or collateral, to access the capital they need to operate and grow.

Policy Areas

Primary Policy Area

Commerce

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

5848, 119th Congress (2025). "NFIP Retroactive Renewal and Reauthorization Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-5848