summary
Introduced
12/14/2021
12/14/2021
In Committee
12/14/2021
12/14/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To prohibit the Administrator of the Small Business Admin- istration from directly making loans under the 7(a) loan program, and for other purposes.
AI Summary
This bill, the Protecting Access to Credit for Small Businesses Act, prohibits the Administrator of the Small Business Administration (SBA) from directly making loans under the 7(a) loan program, which is a key program that provides small businesses with access to financing. However, the bill allows the SBA Administrator to continue servicing any direct 7(a) loans that were made prior to the enactment of this legislation.
Committee Categories
Business and Industry
Sponsors (24)
Tim Scott (R)*,
John Barrasso (R),
John Boozman (R),
Mike Braun (R),
Bill Cassidy (R),
John Cornyn (R),
Kevin Cramer (R),
Mike Crapo (R),
Steve Daines (R),
Joni Ernst (R),
Deb Fischer (R),
Chuck Grassley (R),
James Inhofe (R),
John Neely Kennedy (R),
James Lankford (R),
Roger Marshall (R),
Jerry Moran (R),
Rand Paul (R),
Jim Risch (R),
Mike Rounds (R),
Rick Scott (R),
John Thune (R),
Thom Tillis (R),
Pat Toomey (R),
Last Action
Read twice and referred to the Committee on Small Business and Entrepreneurship. (on 12/14/2021)
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/117th-congress/senate-bill/3382/all-info |
| BillText | https://www.congress.gov/117/bills/s3382/BILLS-117s3382is.pdf |
| Bill | https://www.congress.gov/117/bills/s3382/BILLS-117s3382is.pdf.pdf |
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