Bill Sponsor
Senate Bill 174
117th Congress(2021-2022)
Small Business Access to Recovery Capital Act
Introduced
Introduced
Introduced in Senate on Feb 2, 2021
Overview
Text
Introduced
Feb 2, 2021
Latest Action
Feb 2, 2021
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
174
Congress
117
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.
Sponsorship by Party
Republican
Florida
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Small Business Access to Recovery Capital Act

This bill temporarily modifies the 7(a) Loan Guaranty Program of the Small Business Administration (SBA) by waiving borrower and lender fees, increasing the government guarantee to 95%, and increasing the maximum loan value to $10 million. The SBA must issue temporary COVID-19 guidance that reflects these changes.

Text (1)
February 2, 2021
Actions (2)
02/02/2021
Read twice and referred to the Committee on Small Business and Entrepreneurship.
02/02/2021
Introduced in Senate
Public Record
Record Updated
Mar 8, 2023 8:12:49 PM