Small Business Access to Capital Act of 2017
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Sep 28, 2017)
Small Business Access to Capital Act of 2017
This bill amends the Small Business Jobs Act of 2010 to reauthorize for an additional eight years the State Small Business Credit Initiative to assist participating states to give collateral financial support to and other innovative credit access and guarantee initiatives for small businesses and manufacturers.
The bill prescribes allocations of federal funds to participating states.
The Department of the Treasury may award, on a competitive basis, up to $1 billion in two tranches (portions), according to specified criteria, to participating states for use (1) for making federal contributions to an approved state program, or (2) as collateral for a qualifying loan or swap funding facility.
What just happenedSep 28, 2017
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Who’s behind it
- Introduced in SenateSep 28, 2017
- Sep 28, 2017IntroReferral
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Small Business and Entrepreneurship Committee - Sep 28, 2017IntroReferral10000
Introduced in Senate