HR 4844
117th Congress
House
Commerce
504 Program Level Flexibility Act
Introduced: July 29, 2021
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 29, 2021
Referred to the House Committee on Small Business.
Jul 29, 2021
Introduced in House
Plain-English summary
504 Program Level Flexibility Act
This bill authorizes the Small Business Administration (SBA), upon a determination that the amount of its commitments to guarantee 504 loans could exceed the authorized limit, to guarantee up to 115% of that limit. Such loans, made through SBA community partners and certified by the SBA, provide long-term, fixed rate financing for major fixed assets that promote business growth and job creation.
What's happening now
Referred to the House Committee on Small Business.
Committees of jurisdiction
1