AI-assisted analysis based on the official CRS summary. Source version: Jun 8, 2026. Analysis updated: Sep 12, 2026.
01 — The Text
What.
- The bill modifies the definition of 'disaster' under federal small business law to include wildfire smoke
- Economic injury disaster loans would become available to small businesses affected by wildfire smoke
- Small agricultural cooperatives would be eligible for these loans under the expanded definition
- Most private nonprofit organizations would qualify for wildfire smoke-related disaster loans
02 — The Stakes
So what?
- Small businesses, agricultural cooperatives, and nonprofits in smoke-affected areas could access federal disaster lending that is not currently available to them for smoke-related economic injury
- The official summary does not specify loan amounts, terms, application procedures, or funding levels
- No documented effects on disaster loan program costs, approval rates, or eligibility timelines are provided
03 — The Path
Now what?
- Bill was introduced in Senate on May 14, 2026
- Bill was referred to the Committee on Small Business and Entrepreneurship on May 14, 2026
- No further action has been recorded
Legislative History
Actions.
- May 14, 2026 — Read twice and referred to the Committee on Small Business and Entrepreneurship.
- May 14, 2026 — Introduced in Senate