FAITH in Small Business Act Fair Assistance and Impartial Treatment of Help In Small Business Act
Impact
The passage of HB 6998 would have a significant impact on how faith-based organizations interact with federal resources provided through the SBA. It formalizes protections for these organizations, allowing them to access loans and disaster assistance without facing discrimination due to their religiousbeliefs. This could lead to increased financial support and stability for faith-based organizations and promote their engagement in economic activities, thus possibly enriching local communities and the national economy.
Summary
House Bill 6998, titled the 'FAITH in Small Business Act,' is designed to ensure equal treatment for specific faith-based organizations within Small Business Administration (SBA) programs. The bill seeks to enforce the proposed SBA rule titled 'Ensuring Equal Treatment for Faith-Based Organizations in SBA's Loan and Disaster Assistance Programs,' which was issued on January 19, 2021. By implementing this law, faith-based organizations would have the same access to SBA programs that their secular counterparts do, thereby eliminating any discrepancies in treatment based on religious affiliation.
Contention
While supporters argue that the bill upholds the principles of religious freedom and fair treatment, there are potential points of contention surrounding the implications of public funding for religious institutions. Critics might raise concerns about whether taxpayer dollars should be allocated to faith-based organizations, which could lead to debates over the separation of church and state. Another contention could stem from the interpretation of what constitutes equal treatment, as defining this could present challenges in the application of the law, possibly resulting in legal disputes regarding eligibility and access.
To amend the Small Business Act to reauthorize and modify the Small Business Innovation Research and Small Business Technology Transfer Research programs, and for other purposes.