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HR 5113 114th Congress House Finance and Financial Sector Business investment and capital Credit and credit markets Housing and community development funding Small business

Investing in America's Small Businesses Act of 2016

Introduced: April 28, 2016 See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 28, 2016
Referred to the House Committee on Financial Services.
Apr 28, 2016
Sponsor introductory remarks on measure. (CR E619-620)
Apr 28, 2016
Introduced in House
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 Plain-English summary Congressional Research Service

Investing in America's Small Businesses Act of 2016

This bill amends the Community Development Banking and Financial Institutions Act of 1994 to require the Community Development Financial Institutions Fund to make grants to community development financial institutions to enable such institutions to establish a loan-loss reserve fund to defray the costs of a small business loan program.

The bill defines "small business loan program" as a program in which a community development financial institution offers loans to small businesses that: (1) are made in amounts up to $50,000, (2) have no prepayment penalty, and (3) meet any affordability requirements established by Administrator of the Fund.

A community development financial institution must provide non-federal matching funds equal to 50% of the amount of any grant received.

The bill prohibits the use of such grants to make direct loans to small businesses.

A community development financial institution may use such a grant to: (1) help recapture a portion or all of a defaulted loan made under its small business loan program, and (2) designate and utilize a fiscal agent for services the agent normally provides.

The Fund shall make technical assistance grants to community development financial institutions to create, support, or maintain such a program.

What's happening now April 28, 2016

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 6
D
Clarke, Yvette D.
New York · Apr 28, 2016
 D
Johnson, Henry C. "Hank"
Georgia · Apr 28, 2016
 D
Moore, Gwen
Wisconsin · Apr 28, 2016
 D
Norton, Eleanor Holmes
District of Columbia · Apr 28, 2016
 D
Vargas, Juan
California · Apr 28, 2016
 D
Velázquez, Nydia M.
New York · Apr 28, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5113: Investing in America's Small Businesses Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-HR-5113/
MLA
"H.R. 5113: Investing in America's Small Businesses Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-5113/.
Bluebook (legal)
H.R. 5113, 114th Cong. (2026), https://openamerica.io/bill/114-HR-5113/.
Markdown link
[H.R. 5113: Investing in America's Small Businesses Act of 2016](https://openamerica.io/bill/114-HR-5113/)
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