119th Congress — Report July 2, 2025

🏛️ 119th Congress — Report July 2, 2025

1. Government Funding:

• Continuing Resolution (CR) passed January 9, extending funding through March 31, 2025, to avoid shutdown.

• A full-year CR (H.R. 1968) was enacted on March 15, 2025, extending fiscal-year 2024 levels through September 30, 2025 .

2. FEMA Disaster Relief:

• The January CR allotted $10 billion in supplemental funds to FEMA’s Disaster Relief Fund.

• June 24 saw a major disaster amendment for Missouri (DR-4867) due to severe storms, expanding SBA assistance deadlines: EIDL applications open until February 23, 2026, and physical loan applications through July 22, 2025 .

3. SBA EIDL Funding & Oversight:

• The CR added $5 billion to the SBA’s EIDL program, enabling resumed loan offers.

• As of early 2025, Florida alone received over $460 million in EIDL and $1 billion+ in total disaster loans.

• In March, Congress passed the Disaster Loan Accountability and Reform Act (S. 300), mandating monthly SBA program reports, enhanced forecasting, and stricter controls on loan forgiveness .

📘 SBA Policy & CRA Reporting (June 2025):

• A recent Congressional Research Service report outlines FY2024 admin costs: ~$347 M for credit subsidies and $672 M for administration.

• It confirms that the December 2024 American Relief Act (P.L. 118‑158) injected $2.25 billion into SBA programs—$1.6 billion for lending and $613 million for operations .

🔍 Key Legislative Actions Underway

Senate Major Legislation

• SSI Savings Penalty Elimination

• FISA Reauthorization

• Defense AND FAA Appropriations

• No CORRUPTION Act

• Child Sex Abuse Prevention Act

• Foreign Lobbying Transparency

• Fire Grants & Safety Act

• Hostage & Wrongful Detainee Act

House

• NDAA FY2024 (H.R. 2670)

• FUTURE Networks (H.R. 1513)

• Autism CARES Act (H.R. 7213)

• Supplemental Appropriations (H.R. 9468)

• Nurse-to-Patient Staffing Ratios (H.R. 2530)

• Parents Bill of Rights (H.R. 5)

• Title IX Amendment (H.R. 734)

✅ June Takeaways

• The 119th Congress solidified funding stability by extending appropriations through Sept 30, 2025.

• FEMA and SBA received vital support—$10 B for FEMA and $5 B for SBA EIDL, with Missouri disaster deadlines updated to summer 2025 and early 2026 .

• Oversight strengthened via S. 300, mandating transparency and improved disaster loan administration.

• FY2024 SBA budget data reveal major investments in EIDL management and pandemic-era administration .

🔮 What’s Next

• Appropriations: With CR in place, Congress can prioritize final FY2025 budgets.

• Oversight: Monitor SBA and FEMA program rollouts and compliance with S. 300.

• Missouri Disasters: SBA EIDL and FEMA deadlines extend into 2026 for Severe Storms DR‑4867.