H.R. 522 — FAITH in Small Business Act

This bill implements a proposed rule by the Small Business Administration (SBA) that allows certain faith-based organizations to access business loan and disaster assistance programs.  The programs include the Intermediary Lending Program (ILP), Business Loan programs (7(a), microloan, and 504 programs), Economic Injury Disaster Loan (EIDL) program, Military Reservist Economic Injury Disaster Loan (MREIDL) program, and Immediate Disaster Assistance Program (IDAP).  Current SBA regulations generally prohibit access to these programs if an organization is principally engaged in teaching, instructing, counseling, or indoctrinating religion or religious beliefs. Recent Supreme Court opinions...