H.R. 4652 · 113th Congress
Increasing Small Business Lending Act
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Never voted on. It didn't reach a floor vote before the 113th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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TierneySponsor23 cosponsors · 23 D
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Capuano
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Courtney
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Cicilline
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Cárdenas
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DeLauro
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Duckworth
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Hastings
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Lewis
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Larsen
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Loebsack
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Lowenthal
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McGovern
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Michaud
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Norton
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Owens
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Payne
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Pocan
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Rangel
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Schakowsky
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Sarbanes
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Shea-Porter
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Tsongas
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Tonko23 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Increasing Small Business Lending Act - Amends the Small Business Act to suspend, until September 30, 2015, fees under the 7(a) program (SBA-guaranteed loans to small businesses) and the 504 program (financing to small businesses backed by SBA-guaranteed debentures issued by any qualified state or local development company).
What it does: CRS summary · Introduced in House · May 9, 2014
Increasing Small Business Lending Act - Amends the Small Business Act to suspend, until September 30, 2015, fees under the 7(a) program (SBA-guaranteed loans to small businesses) and the 504 program (financing to small businesses backed by SBA-guaranteed debentures issued by any qualified state or local development company).
Authorizes the SBA to guarantee up to 90% of a loan made by a private lender to a small business eligible for a loan guarantee under the Small Business Act or the Small Business Investment Act of 1958. Prohibits such guarantees with respect to small businesses: (1) in which an unlawful alien has an ownership interest, or (2) in violation of immigration laws.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Increasing Small Business Lending Act
Latest action (May 9, 2014): Referred to the House Committee on Small Business.
Policy area: Commerce · Origin: House · Introduced: May 9, 2014
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.