S 2496
114th Congress
Senate
Commerce
Congressional oversight
Government lending and loan guarantees
Small business
Help Small Businesses Access Affordable Credit Act
Introduced: February 3, 2016
Introduced by:
Coons, Christopher A.
Democratic
· Delaware
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 3, 2016
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Feb 3, 2016
Introduced in Senate
Plain-English summary
Help Small Businesses Access Affordable Credit Act
This bill amends the Small Business Act to authorize the Small Business Administration (SBA), if demand for commitments for authorized general business loans exceeds the limit on the total amount of commitments the SBA may make for such loans, to make such commitments up to 110% of that limit.
The SBA may not exercise this authority until specified congressional committees have approved.
What's happening now
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committees of jurisdiction
1