HR 4556
113th Congress
House
Commerce
Appropriations
Business investment and capital
Government lending and loan guarantees
Manufacturing
Small business
State and local finance
Small Business Access to Capital Act of 2014
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 1, 2014
Referred to the House Committee on Financial Services.
May 1, 2014
Introduced in House
Plain-English summary
Small Business Access to Capital Act of 2014 - Amends the Small Business Jobs Act of 2010 to extend for an additional eight fiscal years the State Small Business Credit Initiative to assist participating states to give collateral support and other innovative credit access and guarantee initiatives for small businesses and manufacturers.
Prescribes allocations of federal funds to participating states.
Authorizes the Secretary of the Treasury to award, on a competitive basis, up to a total of $1 billion in two tranches, according to specified criteria, to participating states and consortiums of participating states for use: (1) for making federal contributions to, or for the account of, an approved state program; and (2) as collateral for a qualifying loan or swap funding facility.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1
Cosponsors
1