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S 1897 115th 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 2017

Introduced: September 28, 2017 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 28, 2017
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sep 28, 2017
Introduced in Senate
 Plain-English summary Congressional Research Service

Small Business Access to Capital Act of 2017

This bill amends the Small Business Jobs Act of 2010 to reauthorize for an additional eight years the State Small Business Credit Initiative to assist participating states to give collateral financial support to and other innovative credit access and guarantee initiatives for small businesses and manufacturers.

The bill prescribes allocations of federal funds to participating states.

The Department of the Treasury may award, on a competitive basis, up to $1 billion in two tranches (portions), according to specified criteria, to participating states for use (1) for making federal contributions to an approved state program, or (2) as collateral for a qualifying loan or swap funding facility.

What's happening now September 28, 2017

Read twice and referred to the Committee on Small Business and Entrepreneurship.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2