The FAITH in Small Business Act would convert a Small Business Administration rule from January 2021 into federal law. That rule requires the SBA to treat faith-based organizations equally with other nonprofits when distributing loans and disaster assistance through agency programs. The bill would prevent the agency from discriminating against religious organizations based on their faith character or mission when they apply for SBA funding. This legislation primarily affects faith-based nonprofits, small businesses with religious affiliations, and charitable organizations seeking disaster relief or business loans. The bill contains no new appropriations or specific timelines, as it simply codifies an existing administrative rule into permanent law.
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