S 4075
116th Congress
Senate
Commerce
Credit and credit markets
Economic development
Economic performance and conditions
RLF Act
Introduced: June 25, 2020
Introduced by:
Capito, Shelley Moore
Republican
· West Virginia
See on congress.gov
Everywhere this bill has been
18 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 30, 2020
Became Public Law No: 116-192.
Oct 30, 2020
Signed by President.
Oct 20, 2020
Presented to President.
Oct 1, 2020
Motion to reconsider laid on the table Agreed to without objection.
Oct 1, 2020
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H5189-5190)
Oct 1, 2020
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.
Oct 1, 2020
DEBATE - The House proceeded with forty minutes of debate on S. 4075.
Oct 1, 2020
Considered under suspension of the rules. (consideration: CR H5189-5190)
Oct 1, 2020
Mr. Carbajal moved to suspend the rules and pass the bill.
Aug 14, 2020
Held at the desk.
Aug 14, 2020
Received in the House.
Aug 11, 2020
Message on Senate action sent to the House.
Aug 6, 2020
Passed Senate without amendment by Unanimous Consent. (text: CR S5346)
Aug 6, 2020
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(text: CR S5346)
Aug 6, 2020
Senate Committee on Environment and Public Works discharged by Unanimous Consent. (consideration: CR S5346)
Aug 6, 2020
Senate Committee on Environment and Public Works discharged by Unanimous Consent.
Jun 25, 2020
Read twice and referred to the Committee on Environment and Public Works.
Jun 25, 2020
Introduced in Senate
Plain-English summary
Reinvigorating Lending for the Future Act or the RLF Act
This bill reduces reporting requirements for recipients of Revolving Loan Fund grants, which provide funds to capitalize lending programs for businesses that cannot obtain traditional bank financing.
Specifically, upon request by a qualifying grantee, the Economic Development Administration (EDA) must release any federal interest in a grant—thereby relieving the grantee of associated federal reporting requirements—if the request is made at least seven years after the final disbursement of the original grant. Currently, the EDA may release the federal interest in a grant beginning 20 years after the grant was awarded.
What's happening now
Became Public Law No: 116-192.
Committees of jurisdiction
1