H.R. 6053 · 114th Congress
Bring the Jobs Home Loan Act of 2016
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
IsraelSponsorNo cosponsors.
This bill amends the Small Business Act to direct the Small Business Administration (SBA) to establish a loan program to assist small business concerns involved in manufacturing to begin the U.S. production of products that would otherwise be imported.
What it does: CRS summary · Introduced in House · Sep 15, 2016
Bring the Jobs Home Loan Act of 2016
This bill amends the Small Business Act to direct the Small Business Administration (SBA) to establish a loan program to assist small business concerns involved in manufacturing to begin the U.S. production of products that would otherwise be imported.
Small business concerns receiving these loans must report to the SBA on: (1) facility and equipment changes made using the loans, and (2) progress made in the production of products in the U.S. The bill allows the SBA to consider the report information in determining whether to provide an additional loan or loan assistance under another SBA program.
It prohibits an individual loan greater than 5% of the total amount available for such loans.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Bring the Jobs Home Loan Act of 2016
Latest action (Sep 15, 2016): Referred to the House Committee on Small Business.
Policy area: Commerce · Origin: House · Introduced: Sep 15, 2016
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.