3.0.0 258 2023-03-08T20:12:49Z 2023-03-08T20:12:49Z Senate S 2021-02-04 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2021-02-05T01:10:21Z 2021-02-04 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2021-02-04 Introduced in Senate IntroReferral 10000 9 Library of Congress P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI N S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2021-03-09 False C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. 2021-03-09 False Commerce Appropriations Business investment and capital Credit and credit markets Government lending and loan guarantees Manufacturing Small business State and local finance Commerce 00 2021-02-04 Introduced in Senate 2021-04-08T18:12:41Z Small Business Access to Capital Act of 2021

This bill reauthorizes for an additional eight years the State Small Business Credit Initiative.

The initative assists participating states in providing collateral financial support to, and other innovative credit access and guarantee initiatives for, small businesses and manufacturers.

The bill prescribes allocations of federal funds to participating states, and it authorizes the Department of the Treasury to award up to $5 billion in two tranches (portions), according to specified criteria, for participating states to (1) make federal contributions to an approved state program, or (2) use as collateral for a qualifying loan or swap funding facility.

]]> Small Business Access to Capital Act of 2021 Display Title Small Business Access to Capital Act of 2021 Official Title as Introduced A bill to help small businesses access capital and create jobs by reauthorizing the successful State Small Business Credit Initiative. Introduced in Senate IS Short Title(s) as Introduced Small Business Access to Capital Act of 2021 Introduced in Senate IS Introduced in Senate 2021-02-04T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s258is/xml/BILLS-117s258is.xml 2021-02-04 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.