Search Results for keywords:"loan eligibility"

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Search Results: keywords:"loan eligibility"

  • Type:Proposed Rule
    Citation:86 FR 5036
    Reading Time:about 24 minutes

    The U.S. Small Business Administration (SBA) is proposing to remove five regulatory provisions that prevent certain faith-based organizations from accessing SBA business loan and disaster assistance programs due to their religious status. These provisions conflict with the Free Exercise Clause of the First Amendment, as interpreted by recent Supreme Court decisions, which protect religious organizations from discriminatory exclusions. The SBA plans to amend these regulations to ensure faith-based organizations receive equal treatment under its programs, aligning with constitutional requirements and promoting religious liberty. Public comments on this proposal are open until February 18, 2021.

    Simple Explanation

    The U.S. government wants to change some rules so that churches and other religious groups can get the same help as other businesses when they need loans or help after a disaster. This change is to make sure everyone is treated fairly, just like the rules say.