Fast Track Disaster Relief Act

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the House Committee on Ways and Means.

IRS would share tax data with SBA for faster disaster loans

This bill would require the IRS to share tax information with the Small Business Administration (SBA). This would help the SBA quickly check if people and businesses qualify for disaster loans. Right now, the IRS cannot share this information for this reason.

What Would Change

Currently, the IRS cannot share tax information with the Small Business Administration (SBA) for disaster loan applications. If this bill becomes law, the IRS would have to share this information with the SBA if requested in writing. This would only be to decide who qualifies for specific disaster loans.

Key Provisions

Requires the IRS to share tax return information with the Small Business Administration (SBA) for disaster loan applications.
Enables the Small Business Administration (SBA) to request tax information from the IRS for people applying for specific disaster loans.
Limits how the SBA can use this tax information, only allowing it for checking disaster loan eligibility.

View on Congress.gov

HR 10344 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10

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