S 174
117th Congress
Senate
Commerce
Business investment and capital
Competitiveness, trade promotion, trade deficits
Economic performance and conditions
Government information and archives
Government lending and loan guarantees
Small business
User charges and fees
Small Business Access to Recovery Capital Act
Introduced: February 2, 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
Feb 2, 2021
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Feb 2, 2021
Introduced in Senate
Plain-English summary
Small Business Access to Recovery Capital Act
This bill temporarily modifies the 7(a) Loan Guaranty Program of the Small Business Administration (SBA) by waiving borrower and lender fees, increasing the government guarantee to 95%, and increasing the maximum loan value to $10 million. The SBA must issue temporary COVID-19 guidance that reflects these changes.
What's happening now
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committees of jurisdiction
1