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HR 3604 118th Congress House Commerce

Expanding Access to Affordable Credit for Small Businesses Act

Introduced: May 23, 2023 Introduced by: Donalds, Byron Republican · Florida See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 23, 2023
Referred to the House Committee on Small Business.
May 23, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Expanding Access to Affordable Credit for Small Businesses Act

This bill establishes rules related to the authorization of lending institutions (including banks, small business lending companies, non-federally regulated lenders, and non-depository lending institutions) to make loans under the 7(a) Program of the Small Business Administration (SBA). Under the 7(a) Program, the SBA provides business loans and loan guaranties to small business borrowers unable to obtain financing elsewhere.

Specifically, the SBA must ensure that these lending institutions and other entities (1) provide an independent audit that examines adherence to all applicable federal laws and regulations regarding anti-money laundering, counterterrorist financing, sanctions, and financial crimes; and (2) implement a compliance program that is designed to conform with relevant anti-money laundering laws and regulations.

What's happening now May 23, 2023

Referred to the House Committee on Small Business.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Crow, Jason
Colorado · May 23, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3604: Expanding Access to Affordable Credit for Small Businesses Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-3604/
MLA
"H.R. 3604: Expanding Access to Affordable Credit for Small Businesses Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-3604/.
Bluebook (legal)
H.R. 3604, 118th Cong. (2026), https://openamerica.io/bill/118-HR-3604/.
Markdown link
[H.R. 3604: Expanding Access to Affordable Credit for Small Businesses Act](https://openamerica.io/bill/118-HR-3604/)
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