Investing in America's Small Manufacturers Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Feb 16, 2017)
Investing in America's Small Manufacturers Act
This bill amends the Small Business Act to authorize the Small Business Administration (SBA) to guarantee 90% of a loan to a small business manufacturing concern.
The SBA may not collect a guarantee fee for a loan of not more than $350,000. For loans exceeding that amount, the fee shall be 50% of the guarantee fee that the SBA would otherwise collect for the loan.
The SBA must provide training to small manufacturers in obtaining SBA assistance, including on the application process and partnering with participating lenders.
This bill authorizes the SBA and its partners to establish partnerships to facilitate outreach to small manufacturers with respect to the application process for SBA loan guarantees.
A state or local development company's debenture issued to a small manufacturer for an SBA loan guarantee may not exceed 50% of the project's cost, subject to certain exceptions.
What just happenedApr 25, 2017
Referred to the Subcommittee on Research and Technology.
Who’s behind it
- Introduced in HouseFeb 16, 2017
- Apr 25, 2017Committee
Referred to the Subcommittee on Research and Technology.
Research and Technology Subcommittee - Feb 16, 2017IntroReferralH11100
Referred to the Committee on Small Business, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Science, Space, and Technology Committee - Feb 16, 2017IntroReferralH11100-A
Referred to the Committee on Small Business, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Feb 16, 2017IntroReferralH11100
Referred to the Committee on Small Business, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Small Business Committee - Feb 16, 2017IntroReferralIntro-H
Introduced in House
- Feb 16, 2017IntroReferral1000
Introduced in House