HR 4652
113th Congress
House
Commerce
Business investment and capital
Credit and credit markets
Government lending and loan guarantees
Small business
User charges and fees
Increasing Small Business Lending Act
Introduced: May 9, 2014
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 9, 2014
Referred to the House Committee on Small Business.
May 9, 2014
Introduced in House
Plain-English summary
Increasing Small Business Lending Act - Amends the Small Business Act to suspend, until September 30, 2015, fees under the 7(a) program (SBA-guaranteed loans to small businesses) and the 504 program (financing to small businesses backed by SBA-guaranteed debentures issued by any qualified state or local development company).
Authorizes the SBA to guarantee up to 90% of a loan made by a private lender to a small business eligible for a loan guarantee under the Small Business Act or the Small Business Investment Act of 1958. Prohibits such guarantees with respect to small businesses: (1) in which an unlawful alien has an ownership interest, or (2) in violation of immigration laws.
What's happening now
Referred to the House Committee on Small Business.
Committees of jurisdiction
1