HR 1482 117th Congress House Commerce Administrative law and regulatory procedures Administrative remedies Banking and financial institutions regulation Business records Environmental assessment, monitoring, research Financial services and investments Small Business Administration Small business User charges and fees

504 Credit Risk Management Improvement Act of 2021

Introduced: March 2, 2021 See on congress.gov

Everywhere this bill has been 11 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 19, 2021

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

Apr 16, 2021

Motion to reconsider laid on the table Agreed to without objection.

Apr 16, 2021

On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 8 (Roll no. 119). (text: 04/14/2021 CR H1772-1773)

Apr 16, 2021

Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 8 (Roll no. 119).(text: 04/14/2021 CR H1772-1773)

Apr 16, 2021

Considered as unfinished business. (consideration: CR H1872-1873)

Apr 14, 2021

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

Apr 14, 2021

DEBATE - The House proceeded with forty minutes of debate on H.R. 1482.

Apr 14, 2021

Considered under suspension of the rules. (consideration: CR H1772-1775)

Apr 14, 2021

Ms. Davids (KS) moved to suspend the rules and pass the bill.

Mar 2, 2021

Referred to the House Committee on Small Business.

Mar 2, 2021

Introduced in House

Votes taken on this bill 1

Date	Chamber	What was voted on	Result	Yes–No
Apr 16, 2021	House · vote #119	On Motion to Suspend the Rules and Pass	Passed	411–8	See who voted →

Plain-English summary Congressional Research Service

504 Credit Risk Management Improvement Act of 2021

This bill revises the duties of the Office of Credit Risk Management to include oversight of a certified development company (CDC) that participates in the 504 Loan Program of the Small Business Administration (SBA), and it requires the SBA to issue rules related to certain environmental requirements. The 504 Loan Program provides a small business with SBA financing—through a CDC intermediary—for expansion or modernization.

Specifically, the bill requires the office to oversee any CDC that participates in the program and to conduct file reviews with respect to loan closings under the program. Further, the bill authorizes the office to take formal and informal enforcement actions against a CDC for specified violations and to charge each CDC a fee.

The SBA must issue rules to clarify the procedures necessary for an eligible CDC to comply with certain environmental requirements.

What's happening now April 19, 2021

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

Committees of jurisdiction 2