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Small Business Admin Proposes to Make Faith-Based Organizations Eligible for Relief
The U.S. Small Business Administration (SBA) has proposed a rule that would make faith-based organizations eligible for some of the agency’s relief programs.
The new rule, which is currently open for a 30-day public comment period, aims to remove restrictions that exclude religious organizations from some SBA business loans and disaster assistance programs.
Specifically, the Code of Federal Regulations currently states that businesses whose “principal activity” is “teaching, instructing, counseling or indoctrinating religion or religious beliefs, whether in a religious or secular setting” are not eligible to participate in SBA assistance programs.