H.R. 7971 · 117th Congress
SEED Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
SánchezSponsor14 cosponsors · 14 D
D
Bass
SB
D
Brown
JC
D
Chu
SC
D
Cherfilus-McCormick
AL
D
Lowenthal
TL
D
Lieu
EN
D
Norton
GN
D
Napolitano
KP
D
Porter
LR
D
Roybal-Allard
NT
D
Torres
JV
D
Vargas
DP
D
Phillips
DT
D
Titus12 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Supporting Entrepreneurs and Economic Development Act or the SEED Act
What it does: CRS summary · Introduced in House · Jun 7, 2022
Supporting Entrepreneurs and Economic Development Act or the SEED Act
This bill requires lenders to refer applicants for certain small business loans to a resource partner if the applicant is determined ineligible for a loan under the program. Resource partners, such as small business development centers, provide informational tools and training to support business start-ups and existing business expansion.
Lenders and the Small Business Administration must report on the number of resource partner referrals and the Government Accountability Office must periodically report on the rate of such referrals.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: SEED Act
Also known as: Supporting Entrepreneurs and Economic Development Act
Latest action (Jun 7, 2022): Referred to the House Committee on Small Business.
Policy area: Commerce · Origin: House · Introduced: Jun 7, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.