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Puerto Rico Small Business Assistance Act of 2019

Introduced: January 3, 2019 Introduced by: Velázquez, Nydia M. Democratic · New York See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Jan 3, 2019
Referred to the House Committee on Small Business.
Jan 3, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

Puerto Rico Small Business Assistance Act of 2019

This bill expands funding and support for small businesses that have their principal office in Puerto Rico.

Specifically, the bill

  • increases 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;
  • waives 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
  • requires the Government Accountability Office to report on intermediary participation;
  • reduces or eliminates SBA fees on certain loans to such businesses; and
  • gives federal contract preference to such businesses.

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.

What's happening now January 3, 2019

Referred to the House Committee on Small Business.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 225: Puerto Rico Small Business Assistance Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-225/
MLA
"H.R. 225: Puerto Rico Small Business Assistance Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-225/.
Bluebook (legal)
H.R. 225, 116th Cong. (2026), https://openamerica.io/bill/116-HR-225/.
Markdown link
[H.R. 225: Puerto Rico Small Business Assistance Act of 2019](https://openamerica.io/bill/116-HR-225/)
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