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HR 6317 117th Congress House Commerce

Capital for Cooperatives Act

Introduced: December 16, 2021 Introduced by: Neguse, Joe Democratic · Colorado See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 4, 2022
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Dec 16, 2021
Referred to the Committee on Small Business, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Dec 16, 2021
Introduced in House
 Plain-English summary Congressional Research Service

Capital for Cooperatives Act

This bill eliminates the requirement that cooperatives provide a personal guarantee with respect to certain Small Business Administration (SBA) loans. It also requires the SBA, in collaboration with the Interagency Working Group on Cooperative Development, to develop recommendations and cooperate with federal agencies and other entities to promote, support, and increase the number of cooperatives.

What's happening now January 4, 2022

Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

 Committees of jurisdiction 3