S 1901
114th Congress
Senate
Commerce
Appropriations
Business investment and capital
Credit and credit markets
Government lending and loan guarantees
Manufacturing
Small business
State and local finance
Small Business Access to Capital Act of 2015
Introduced: July 30, 2015
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 30, 2015
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 30, 2015
Introduced in Senate
Plain-English summary
Small Business Access to Capital Act of 2015
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 Department 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; or (2) as collateral for a qualifying loan or swap funding facility.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1