3.0.0 174 2023-03-08T20:12:49Z 2023-03-08T20:12:49Z Senate S 2021-02-02 117 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2021-02-02T20:56:23Z 2021-02-02 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2021-02-02 Introduced in Senate IntroReferral 10000 9 Library of Congress R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL N R000584 Sen. Risch, James E. [R-ID] James Risch R ID E. 2021-02-02 True C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2021-02-02 True Commerce Business investment and capital Competitiveness, trade promotion, trade deficits Economic performance and conditions Government information and archives Government lending and loan guarantees Small business User charges and fees Commerce 00 2021-02-02 Introduced in Senate 2021-07-12T14:51:24Z Small Business Access to Recovery Capital Act

This bill temporarily modifies the 7(a) Loan Guaranty Program of the Small Business Administration (SBA) by waiving borrower and lender fees, increasing the government guarantee to 95%, and increasing the maximum loan value to $10 million. The SBA must issue temporary COVID-19 guidance that reflects these changes.

]]> Small Business Access to Recovery Capital Act Display Title Small Business Access to Recovery Capital Act Official Title as Introduced A bill to modify the 7(a) loan guaranty program of the Small Business Administration, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced Small Business Access to Recovery Capital Act Introduced in Senate IS Introduced in Senate 2021-02-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s174is/xml/BILLS-117s174is.xml 2021-02-02 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.