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HR 4130

Small Business Relief Act

119th Congress Introduced by Andrew Garbarino

The Small Business Relief Act offers up to $50,000 in grants, loan forgiveness, and tax relief to support small businesses facing economic hardships and promote recovery.

Introduced in House
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Bill Summary · HR 4130

Summary of HR 4130 - Small Business Relief Act

Bill Number: HR 4130
Title: Small Business Relief Act
Status: Introduced in House
Introduced On: June 25, 2025
Classification: Bill
Primary Sponsor: Andrew R. Garbarino

Purpose and Intent

The Small Business Relief Act aims to provide financial assistance and support to small businesses that have been adversely affected by economic downturns, natural disasters, or other unforeseen circumstances. The bill seeks to enhance the resilience of small businesses by facilitating access to funding and resources necessary for recovery and growth.

Key Provisions

The bill includes several significant provisions designed to support small businesses:

  1. Emergency Grant Program:

    • Establishes a grant program to provide immediate financial assistance to small businesses facing economic hardship.
    • Grants would be available for up to $50,000 per business, aimed at covering operational costs, payroll, and other essential expenses.

  2. Loan Forgiveness:

    • Introduces a loan forgiveness program for small businesses that take out loans under the Small Business Administration (SBA) during declared emergencies.
    • Businesses that maintain employment levels and meet specific criteria may have a portion of their loans forgiven.

  3. Tax Relief Measures:

    • Proposes temporary tax relief for small businesses, including deductions for certain expenses incurred during emergencies.
    • Aimed at reducing the tax burden and encouraging investment in recovery efforts.

  4. Technical Assistance and Resources:

    • Allocates funding for technical assistance programs to help small businesses navigate the application process for grants and loans.
    • Provides resources for business planning and financial management to enhance long-term sustainability.

Who Would Be Affected

The Small Business Relief Act primarily targets small businesses, defined as those with fewer than 500 employees, across various sectors. This includes:

  • Retail establishments
  • Service providers
  • Restaurants and hospitality businesses
  • Startups and entrepreneurs

Additionally, the bill may indirectly benefit employees of small businesses, local economies, and communities that rely on the vitality of these enterprises.

Procedural Aspects

  • Legislative Actions:
    • On June 25, 2025, the bill was referred to the House Committee on Financial Services for further consideration.
    • The bill is currently in the early stages of the legislative process, and further actions will determine its progression through Congress.

Conclusion

The Small Business Relief Act represents a proactive effort to bolster the small business sector during challenging times. By providing financial assistance, tax relief, and resources, the bill aims to support the recovery and sustainability of small businesses, which are vital to the economy and job creation. As the bill moves through the legislative process, its provisions may be subject to amendments and further discussions in Congress.

Compiled from official sources — confirm details with the bill’s official record.

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