Senate Bill 4075
116th Congress(2019-2020)
RLF Act
Became Law
Became Public Law 116-192 on Oct 30, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4075
Congress
116
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
checkPassed on August 6, 2020
Status
Passed
Type
Unanimous Consent
Unanimous Consent
A senator may request unanimous consent on the floor to set aside a specified rule of procedure so as to expedite proceedings. If no Senator objects, the Senate permits the action, but if any one senator objects, the request is rejected. Unanimous consent requests with only immediate effects are routinely granted, but ones affecting the floor schedule, the conditions of considering a bill or other business, or the rights of other senators, are normally not offered, or a floor leader will object to it, until all senators concerned have had an opportunity to inform the leaders that they find it acceptable.
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(text: CR S5346)
Summary
Reinvigorating Lending for the Future Act or the RLF Act
This bill reduces reporting requirements for recipients of Revolving Loan Fund grants, which provide funds to capitalize lending programs for businesses that cannot obtain traditional bank financing.
Specifically, upon request by a qualifying grantee, the Economic Development Administration (EDA) must release any federal interest in a grant—thereby relieving the grantee of associated federal reporting requirements—if the request is made at least seven years after the final disbursement of the original grant. Currently, the EDA may release the federal interest in a grant beginning 20 years after the grant was awarded.
10/30/2020
Became Public Law No: 116-192.
10/30/2020
Signed by President.
10/20/2020
Presented to President.
10/01/2020
Motion to reconsider laid on the table Agreed to without objection.
10/01/2020
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H5189-5190)
10/01/2020
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.
10/01/2020
DEBATE - The House proceeded with forty minutes of debate on S. 4075.
10/01/2020
Considered under suspension of the rules. (consideration: CR H5189-5190)
10/01/2020
Mr. Carbajal moved to suspend the rules and pass the bill.
08/14/2020
Held at the desk.
08/14/2020
Received in the House.
08/11/2020
Message on Senate action sent to the House.
08/06/2020
Passed Senate without amendment by Unanimous Consent. (text: CR S5346)
08/06/2020
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(text: CR S5346)
08/06/2020
Senate Committee on Environment and Public Works discharged by Unanimous Consent. (consideration: CR S5346)
08/06/2020
Senate Committee on Environment and Public Works discharged by Unanimous Consent.
06/25/2020
Read twice and referred to the Committee on Environment and Public Works.
06/25/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:45:21 PM