Skip to main content
S 2378 115th Congress Senate

Access Business Credit Act of 2018

Official title: A bill to amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for interest on certain small business loans.

Introduced: February 6, 2018 Introduced by: Rounds, Mike Republican · South Dakota See on congress.gov
Taxation Agricultural prices, subsidies, creditBusiness investment and capitalIncome tax exclusionInterest, dividends, interest ratesSmall business
Sign in to write a letter Sign in to watch
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
Feb 6, 2018
Read twice and referred to the Committee on Finance.
Feb 6, 2018
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action February 6, 2018

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Access Business Credit Act of 2018

This bill amends the Internal Revenue Code to exclude from the gross income of certain banks interest received on small business loans of up to $5 million.

The bill applies to loans that are: (1) secured by land situated in the United States that is used or held by the small business in connection with the active conduct of a farming business, or (2) incurred in the ordinary course of the trade or business of the small business.

To be eligible for the exclusion, the bank must have less than $50 billion in assets at the closing of the preceding taxable year.

 Related & companion bills 1
  • HR 4424 Related bill To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for interest on certain small busi…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Duckworth, Tammy
Illinois · Mar 7, 2018
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2378: Access Business Credit Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-S-2378/
MLA
"S. 2378: Access Business Credit Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-2378/.
Bluebook (legal)
S. 2378, 115th Cong. (2026), https://openamerica.io/bill/115-S-2378/.
Markdown link
[S. 2378: Access Business Credit Act of 2018](https://openamerica.io/bill/115-S-2378/)
Report a problem