Increasing Small Business Lending Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary 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.
What just happenedMay 9, 2014
Referred to the House Committee on Small Business.
Who’s behind it
- Introduced in HouseMay 9, 2014
- May 9, 2014IntroReferralH11100
Referred to the House Committee on Small Business.
- May 9, 2014IntroReferralIntro-H
Introduced in House
- May 9, 2014IntroReferral1000
Introduced in House