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H.R. 2488 115th Congress House

Puerto Rico Small Business Assistance Act of 2017

Official title: To provide for small business concerns located in Puerto Rico, and for other purposes.

Introduced: June 7, 2017 Introduced by: Nydia M. Velázquez Democratic · New York See on congress.gov
Commerce Border security and unlawful immigrationBusiness educationCaribbean areaCongressional oversight
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Criminal justice information and recordsForeign laborGovernment lending and loan guaranteesGovernment studies and investigationsImmigration status and proceduresInterest, dividends, interest ratesPublic contracts and procurementPuerto RicoSmall Business AdministrationSmall businessUser charges and feesVeterans' education, employment, rehabilitation
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 17, 2017
Referred to the House Committee on Small Business.
May 17, 2017
Introduced in House
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 Latest action May 17, 2017

Referred to the House Committee on Small Business.

 Plain-English summary Congressional Research Service

Puerto Rico Small Business Assistance Act of 2017

This bill amends the Small Business Act regarding small businesses that have their principal office in Puerto Rico, including to temporarily:

  • increase the total amount of loans outstanding and committed to any microloan intermediary if at least 20% of the intermediary's loans are made to such businesses;
  • waive the Small Business Administration (SBA) Microloan Program's limit on an intermediary's spending on technical assistance for prospective borrowers if 25% of the intermediary's loans are made to these businesses;
  • reduce or eliminate SBA fees on certain loans to such businesses; and
  • give federal contract preference to such businesses, transfer specified technology or surplus property to them, and provide subcontracting incentives for their protege firms.

The SBA shall establish: (1) a Veteran Business Outreach Center in Puerto Rico, and (2) a temporary Federal and State Technology (FAST) grant program to provide assistance to Puerto Rico businesses.

The SBA district office in Puerto Rico must temporarily report annually to Congress and the SBA on its activities in Puerto Rico.

 Related & companion bills 3
  • S 526 Microloan Modernization Act of 2018
  • HR 5178 Puerto Rico Small Business Contracting Assistance Act of 2018
  • HR 2429 Puerto Rico Task Force Economic Empowerment Act of 2017
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 25
All 25 Democratic 21
D
Beatty, Joyce
Ohio · Aug 18, 2017
 D
Hoyer, Steny H.
Maryland · Jul 19, 2017
 D
Castor, Kathy
Florida · Jun 7, 2017
 D
Castro, Joaquin
Texas · Jun 7, 2017
 D
Chu, Judy
California · Jun 7, 2017
 D
Clarke, Yvette D.
New York · Jun 7, 2017
CROWLEY, JOSEPH
· Jun 7, 2017
 D
DeGette, Diana
Colorado · Jun 7, 2017
 D
Espaillat, Adriano
New York · Jun 7, 2017
 D
Gallego, Ruben
Arizona · Jun 7, 2017
 D
Jeffries, Hakeem S.
New York · Jun 7, 2017
LEVIN, SANDER
· Jun 7, 2017
 D
Matsui, Doris O.
California · Jun 7, 2017
 D
Meeks, Gregory W.
New York · Jun 7, 2017
 D
Meng, Grace
New York · Jun 7, 2017
 D
Pallone, Frank
New Jersey · Jun 7, 2017
 D
Schakowsky, Janice D.
Illinois · Jun 7, 2017
 D
Scott, Robert C. "Bobby"
Virginia · Jun 7, 2017
 D
Sewell, Terri A.
Alabama · Jun 7, 2017
 D
Vargas, Juan
California · Jun 7, 2017
 D
Waters, Maxine
California · Jun 7, 2017
 D
Welch, Peter
Vermont · Jun 7, 2017
Duffy, Sean
· May 17, 2017
MacArthur, Thomas
· May 17, 2017
 D
Soto, Darren
Florida · May 17, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2488: Puerto Rico Small Business Assistance Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2488/
MLA
"H.R. 2488: Puerto Rico Small Business Assistance Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2488/.
Bluebook (legal)
H.R. 2488, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2488/.
Markdown link
[H.R. 2488: Puerto Rico Small Business Assistance Act of 2017](https://openamerica.io/bill/115-HR-2488/)
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