S. 2496 · 114th Congress
Help Small Businesses Access Affordable Credit Act
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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.
5 cosponsors · 3 D, 2 R
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill amends the Small Business Act to authorize the Small Business Administration (SBA), if demand for commitments for authorized general business loans exceeds the limit on the total amount of commitments the SBA may make for such loans, to make such commitments up to 110% of that limit.
What it does: CRS summary · Introduced in Senate · Feb 3, 2016
Help Small Businesses Access Affordable Credit Act
This bill amends the Small Business Act to authorize the Small Business Administration (SBA), if demand for commitments for authorized general business loans exceeds the limit on the total amount of commitments the SBA may make for such loans, to make such commitments up to 110% of that limit.
The SBA may not exercise this authority until specified congressional committees have approved.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Help Small Businesses Access Affordable Credit Act
Latest action (Feb 3, 2016): Read twice and referred to the Committee on Small Business and Entrepreneurship.
Policy area: Commerce · Origin: Senate · Introduced: Feb 3, 2016
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.