118 HR 7473 IH: Funding Small Businesses During Shutdown Act U.S. House of Representatives 2024-02-28 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I118th CONGRESS2d SessionH. R. 7473IN THE HOUSE OF REPRESENTATIVESFebruary 28, 2024Mr. Schiff (for himself, Mr. Thanedar, Mrs. Foushee, and Mr. Castro of Texas) introduced the following bill; which was referred to the Committee on AppropriationsA BILLTo ensure continued appropriations for certain Small Business Administration programs during a Government shutdown in fiscal year 2024, and for other purposes.

1.

Short title

This Act may be cited as the Funding Small Businesses During Shutdown Act.

2.

Continuation of certain Small Business Administration programs during a Government shutdown

There are appropriated for fiscal year 2024, out of any money in the Treasury not otherwise appropriated, during any period of a lapse in discretionary appropriations with respect to the Small Business Administration during such fiscal year beginning on or after the date of the enactment of this section, for any 30-day period of such lapse (and on a pro-rated basis if such lapse is less than 30 days) to pay for the salaries and expenses necessary to continue servicing any loans made under— (1)$500,000 for loans made under subsection (m) of section 7 of the Small Business Act (15 U.S.C. 636(m)); (2)$2,916,666,667 for loans made under subsection (a) of section 7 of the Small Business Act (15 U.S.C. 636(a)); (3)$1,250,000,000 for loans made under title V of the Small Business Investment Act of 1958 (15 U.S.C. 695 et seq.); and (4)$13,775,000 for administrative expenses to carry out the loan program under subsection (m) of section 7 of the Small Business Act (15 U.S.C. 636(m)).