S 1736
117th Congress
Senate
Commerce
Administrative law and regulatory procedures
Business education
Congressional oversight
Government lending and loan guarantees
Rural conditions and development
Small Business Administration
Small business
Capital for Cooperatives Act
Introduced: May 20, 2021
Introduced by:
Hickenlooper, John W.
Democratic
· Colorado
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 20, 2021
Read twice and referred to the Committee on Small Business and Entrepreneurship.
May 20, 2021
Introduced in Senate
Plain-English summary
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
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committees of jurisdiction
1