Bill114th CongressFiled Jul 30, 2015Commerce
S. 1901
Small Business Access to Capital Act of 2015
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Jul 30, 2015)
Small Business Access to Capital Act of 2015
Amends the Small Business Jobs Act of 2010 to extend for an additional eight fiscal years the State Small Business Credit Initiative to assist participating states to give collateral support and other innovative credit access and guarantee initiatives for small businesses and manufacturers.
Prescribes allocations of federal funds to participating states.
Authorizes the Department of the Treasury to award, on a competitive basis, up to a total of $1 billion in two tranches, according to specified criteria, to participating states and consortiums of participating states for use: (1) for making federal contributions to, or for the account of, an approved state program; or (2) as collateral for a qualifying loan or swap funding facility.What just happenedJul 30, 2015
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Stabenow, Debbie [D-MI](D-MI)Sponsor
2 cosponsors2 D
2cosponsors1committees2actions2related bills7subjects
- Introduced in SenateJul 30, 2015
- Jul 30, 2015IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Jul 30, 2015IntroReferral10000
Introduced in Senate