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

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Plain-English summary Congressional Research Service

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 October 30, 2020

Became Public Law No: 116-192.

Related & companion bills 1

Bill text 4 versions