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H.R. 1482 117th Congress House

504 Credit Risk Management Improvement Act of 2021

Official title: To amend the Small Business Act to enhance the Office of Credit Risk Management, to require the Administrator of the Small Business Administration to issue rul… Show full official titleShow less

Official title: To amend the Small Business Act to enhance the Office of Credit Risk Management, to require the Administrator of the Small Business Administration to issue rules relating to environmental obligations of certified development companies, and for other purposes.

Introduced: March 16, 2021 See on congress.gov
Commerce Administrative law and regulatory proceduresAdministrative remediesBanking and financial institutions regulationBusiness records
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Environmental assessment, monitoring, researchFinancial services and investmentsSmall Business AdministrationSmall businessUser charges and fees
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 10 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
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
DateChamberWhat was voted onResultYes–No
Apr 16, 2021 House · vote #119 On Motion to Suspend the Rules and Pass Passed 411–8 See who voted →
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 Latest action April 19, 2021

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

 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.

 Related & companion bills 1
  • S 2245 Identical bill 504 Credit Risk Management Improvement Act of 2021
 Bill text 3 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 5
All 5 Democratic 3 Republican 2
D
Cohen, Steve
Tennessee · Mar 16, 2021
 R
Tenney, Claudia
New York · Mar 16, 2021
 D
Craig, Angie
Minnesota · Mar 2, 2021
 D
Davids, Sharice
Kansas · Mar 2, 2021
 R
Kim, Young
California · Mar 2, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1482: 504 Credit Risk Management Improvement Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-1482/
MLA
"H.R. 1482: 504 Credit Risk Management Improvement Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-1482/.
Bluebook (legal)
H.R. 1482, 117th Cong. (2026), https://openamerica.io/bill/117-HR-1482/.
Markdown link
[H.R. 1482: 504 Credit Risk Management Improvement Act of 2021](https://openamerica.io/bill/117-HR-1482/)
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