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Bill > HR2712


US HR2712

US HR2712
Ensuring Safe Capital Access for All Small Businesses Act of 2021


summary

Introduced
04/20/2021
In Committee
10/19/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL 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.

AI Summary

This bill, the Ensuring Safe Capital Access for All Small Businesses Act of 2021, aims to ensure that certain loan programs of the Small Business Administration (SBA) are made available to cannabis-related legitimate businesses and service providers. Specifically, the bill removes cannabis from the federal list of controlled substances, prohibits the SBA from declining to provide loan guarantees or other assistance solely because a small business is cannabis-related, and requires the SBA to issue rules and guidance to implement these changes within 120 days.

Committee Categories

Agriculture and Natural Resources, Business and Industry, Health and Social Services, Military Affairs and Security

Sponsors (7)

Last Action

Referred to the Subcommittee on Crime, Terrorism, and Homeland Security. (on 10/19/2021)

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