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Local law · Int 0841-2024

The provision of interest-free loans to small businesses, non-profits and freelance workers following certain emergency circumstances

Official titleShow

A Local Law to amend the administrative code of the city of New York, in relation to the provision of interest-free loans to small businesses, non-profits and freelance workers following certain emergency circumstances

The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.

Filed at end of sessionLatest action Dec 31, 2025

New York City Council

Sponsor

Public Advocate Jumaane Williams

Summary

This bill would require the Department of Small Business Services to create an interest-free loan program for small businesses, non-profit organizations and freelance workers forced to close or operate at reduced capacity due to the impacts of a natural disaster, state of emergency or other emergency circumstances. Qualifying small businesses would be able to use these loans for operating expenses such as rent, payroll, insurance, equipment and inventory costs.

Summary from NYC Council (Legistar). How we handle summaries

From the NYC Council's legislative record (Legistar) and official rosters. This record was last updated Sep 7, 2026. About our data

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Where it stands

The session ended before it was voted on. It was not defeated; it simply ran out of time, which is what happens to most legislation. It would have to be reintroduced.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted
Filed at end of session

Committee

Committee on Small Business

Cosponsors

Keith Powers, Farah N. Louis and 8 others

Cosponsors in the order the New York City Council lists them.

  • Democratic8

Party is shown for the 8 cosponsors who are on Agora.

Shown in neutral colors by design; Agora is non-partisan.

Names without a link are in the official record but not on Agora.

Full history

  1. Dec 31, 2025

    Filed

    This Introduction was Filed (End of Session)

    NYC Council

  2. Apr 18, 2024

    Introduced

    This Introduction was Introduced by Council

    NYC Council

  3. Apr 18, 2024

    Referred to committee

    This Introduction was Referred to Comm by Council to the Committee on Small Business

    NYC Council