Bill
Bill > HR3540
summary
Introduced
06/27/2019
06/27/2019
In Committee
07/30/2019
07/30/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To ensure that certain loan programs of the Small Business Administration are made available to cannabis-related legitimate businesses and service providers, and for other purposes. This bill removes cannabis from the schedule of controlled substances, and it prohibits the Small Business Administration from declining to provide certain small business loans to an eligible entity solely because it is a cannabis-related legitimate business or service provider.
AI Summary
This bill removes cannabis from the federal list of controlled substances and prohibits the Small Business Administration (SBA) from declining to provide certain small business loans solely because the eligible entity is a cannabis-related legitimate business or service provider. The bill also requires the SBA to issue or amend rules, procedures, and guidance necessary to implement the requirements of the bill within 120 days of its enactment.
Committee Categories
Agriculture and Natural Resources, Business and Industry, Health and Social Services, Military Affairs and Security
Sponsors (1)
Last Action
Referred to the Subcommittee on Crime, Terrorism, and Homeland Security. (on 07/30/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/3540/all-info |
| BillText | https://www.congress.gov/116/bills/hr3540/BILLS-116hr3540ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr3540/BILLS-116hr3540ih.pdf.pdf |
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