Bill117th CongressFiled Feb 2, 2021Commerce
S. 174
Small Business Access to Recovery Capital Act
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Feb 2, 2021)
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.
What just happenedFeb 2, 2021
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Who’s behind it
Sen. Rubio, Marco [R-FL](R-FL)Sponsor
2 cosponsors2 R
2cosponsors1committees2actions7subjects
- Introduced in SenateFeb 2, 2021
- Feb 2, 2021IntroReferral
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Small Business and Entrepreneurship Committee - Feb 2, 2021IntroReferral10000
Introduced in Senate