3.0.0 347 2023-01-11T13:34:48Z 2023-01-11T13:34:48Z Senate S 2017-02-09 115 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2017-02-09T18:30:46Z Investing in America's Small Manufacturers Act 115 1186 HR 2017-04-25 Referred to the Subcommittee on Research and Technology. Identical bill CRS 2017-02-09 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2017-02-09 Introduced in Senate IntroReferral 10000 9 Library of Congress C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. N G000562 Sen. Gardner, Cory [R-CO] Cory Gardner R CO 2017-02-09 True G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2017-02-13 False Commerce Advanced technology and technological innovations Business education Executive agency funding and structure Government lending and loan guarantees Manufacturing Securities Small Business Administration Small business Social work, volunteer service, charitable organizations User charges and fees Commerce 00 2017-02-09 Introduced in Senate 2017-06-12T20:29:49Z Investing in America's Small Manufacturers Act

This bill amends the Small Business Act to authorize the Small Business Administration (SBA) to guarantee 90% of a loan to a small business manufacturing concern.

The SBA may not collect a guarantee fee on these loans of more than $350,000. For loans exceeding this amount, the fee shall be 50% of the guarantee fee that the SBA would otherwise collect for the loan.

The SBA must provide training to small manufacturers in obtaining SBA assistance, including on the application process and partnering with participating lenders.

This bill authorizes the SBA and its partners to establish partnerships to facilitate outreach to small manufacturers with respect to the application process for SBA loan guarantees.

A state or local development company's debenture issued to a small manufacturer for an SBA loan guarantee may not exceed 50% of the project's cost, subject to certain exceptions.

]]> Investing in America's Small Manufacturers Act Display Title Investing in America's Small Manufacturers Act Official Title as Introduced A bill to amend the Small Business Act and the Small Business Investment Act of 1958 to increase the percentage of loans guaranteed for small business concerns that are manufacturers. Introduced in Senate IS Short Titles as Introduced Investing in America's Small Manufacturers Act Introduced in Senate 2017-02-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s347is/xml/BILLS-115s347is.xml 2017-02-09 Read twice and referred to the Committee on Small Business and Entrepreneurship. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.