HR 1915
115th Congress
House
Commerce
Congressional oversight
Government lending and loan guarantees
Small business
To amend the Small Business Act to provide the Administrator of the Small Business Administration authority to increase amount for general business loans, and for other purposes.
Introduced: April 5, 2017
Introduced by:
Velázquez, Nydia M.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 5, 2017
Referred to the House Committee on Small Business.
Apr 5, 2017
Introduced in House
Plain-English summary
This bill amends the Small Business Act to provide that if the amount of Small Business Administration (SBA) commitments for authorized general business loans for a fiscal year exceeds the limit on the total amount of commitments the SBA may make for such loans under such Act, the SBA may make such commitments for such loans for such fiscal year in a total amount equal to up to 120% of that limit.
The SBA may not exercise this authority without prior approval of specified congressional committees.
What's happening now
Referred to the House Committee on Small Business.
Committees of jurisdiction
1