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H.R. 5144 114th Congress House

Jumpstart HOUSE Act of 2016

Official title: To amend the State Small Business Credit Initiative Act of 2010 to help small businesses access capital and create jobs by reauthorizing the successful State S… Show full official titleShow less

Official title: To amend the State Small Business Credit Initiative Act of 2010 to help small businesses access capital and create jobs by reauthorizing the successful State Small Business Credit Initiative and to allow participating States to provide program funds to small businesses for development of affordable housing.

Introduced: April 29, 2016 Introduced by: Joyce Beatty Democratic · Ohio See on congress.gov
Commerce AppropriationsBusiness investment and capitalCredit and credit marketsGovernment lending and loan guarantees
More subjectsShow fewer subjects
Housing and community development fundingHousing finance and home ownershipHousing supply and affordabilityLow- and moderate-income housingManufacturingResidential rehabilitation and home repairSmall businessState and local finance
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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 29, 2016
Referred to the House Committee on Financial Services.
Apr 29, 2016
Sponsor introductory remarks on measure. (CR E633)
Apr 29, 2016
Introduced in House
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 Latest action April 29, 2016

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Jumpstart Housing Opportunities Utilizing Small Enterprises Act of 2016 or the Jumpstart HOUSE Act of 2016

This bill amends the State Small Business Credit Initiative 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.

The bill also prescribes allocations of federal funds to participating states.

The Department of the Treasury may 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; or (2) as collateral for a qualifying loan or swap funding facility.

Small businesses receiving funds from a participating state may use them to:
  • develop, acquire, construct, rehabilitate, maintain, operate, or manage projects for affordable housing for low- or moderate-income households;
  • cover any contribution, matching amount, or non-federal share required in connection with any other federal grant or assistance program to provide such housing; or
  • purchase foreclosed properties and property being sold by a state or local government, but only for the use of such properties for such housing.
 Related & companion bills 2
  • S 1901 Small Business Access to Capital Act of 2015
  • HR 5672 Small Business Access to Capital Act of 2016
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 5144: Jumpstart HOUSE Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-HR-5144/
MLA
"H.R. 5144: Jumpstart HOUSE Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-5144/.
Bluebook (legal)
H.R. 5144, 114th Cong. (2026), https://openamerica.io/bill/114-HR-5144/.
Markdown link
[H.R. 5144: Jumpstart HOUSE Act of 2016](https://openamerica.io/bill/114-HR-5144/)
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