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    <updateDate>2025-01-14T17:16:56Z</updateDate>
    <updateDateIncludingText>2025-01-14T17:16:56Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
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    <introducedDate>2023-04-27</introducedDate>
    <congress>118</congress>
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        <name>Small Business and Entrepreneurship Committee</name>
        <chamber>Senate</chamber>
        <type>Standing</type>
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            <name>Reported By</name>
            <date>2023-07-25T22:36:00Z</date>
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          <item>
            <name>Markup By</name>
            <date>2023-07-19T19:00:06Z</date>
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          <item>
            <name>Referred To</name>
            <date>2023-04-27T17:45:08Z</date>
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    <actions>
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        <actionDate>2023-07-25</actionDate>
        <sourceSystem>
          <name>Senate</name>
        </sourceSystem>
        <text>Placed on Senate Legislative Calendar under General Orders. Calendar No. 167.</text>
        <type>Calendars</type>
      </item>
      <item>
        <actionDate>2023-07-25</actionDate>
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          <item>
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            <name>Small Business and Entrepreneurship Committee</name>
          </item>
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        <sourceSystem>
          <name>Senate</name>
        </sourceSystem>
        <text>Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with an amendment in the nature of a substitute. Without written report.</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2023-07-25</actionDate>
        <text>Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with an amendment in the nature of a substitute. Without written report.</text>
        <type>Committee</type>
        <actionCode>14000</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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        <committees>
          <item>
            <systemCode>sssb00</systemCode>
            <name>Small Business and Entrepreneurship Committee</name>
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      </item>
      <item>
        <actionDate>2023-07-19</actionDate>
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          <item>
            <systemCode>sssb00</systemCode>
            <name>Small Business and Entrepreneurship Committee</name>
          </item>
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          <name>Senate</name>
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        <text>Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.</text>
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      <item>
        <actionDate>2023-04-27</actionDate>
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          <item>
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            <name>Small Business and Entrepreneurship Committee</name>
          </item>
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          <name>Senate</name>
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        <text>Read twice and referred to the Committee on Small Business and Entrepreneurship.</text>
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      <item>
        <actionDate>2023-04-27</actionDate>
        <text>Introduced in Senate</text>
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          <code>9</code>
          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>Y000064</bioguideId>
        <fullName>Sen. Young, Todd [R-IN]</fullName>
        <firstName>Todd</firstName>
        <lastName>Young</lastName>
        <party>R</party>
        <state>IN</state>
        <isByRequest>N</isByRequest>
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    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>K000367</bioguideId>
        <fullName>Sen. Klobuchar, Amy [D-MN]</fullName>
        <firstName>Amy</firstName>
        <lastName>Klobuchar</lastName>
        <party>D</party>
        <state>MN</state>
        <sponsorshipDate>2023-04-27</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>B001288</bioguideId>
        <fullName>Sen. Booker, Cory A. [D-NJ]</fullName>
        <firstName>Cory</firstName>
        <lastName>Booker</lastName>
        <party>D</party>
        <state>NJ</state>
        <sponsorshipDate>2023-04-27</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
    </cosponsors>
    <cboCostEstimates>
      <item>
        <pubDate>2023-09-28T22:59:00Z</pubDate>
        <title>S. 1345, 504 Credit Risk Management Improvement Act of 2023</title>
        <url>https://www.cbo.gov/publication/59617</url>
        <description>As reported by the Senate Committee on Small Business and Entrepreneurship on July 25, 2023</description>
      </item>
    </cboCostEstimates>
    <policyArea>
      <name>Commerce</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Administrative law and regulatory procedures</name>
          <updateDate>2024-01-16T18:15:20Z</updateDate>
        </item>
        <item>
          <name>Administrative remedies</name>
          <updateDate>2024-01-16T18:15:20Z</updateDate>
        </item>
        <item>
          <name>Banking and financial institutions regulation</name>
          <updateDate>2024-01-16T18:15:20Z</updateDate>
        </item>
        <item>
          <name>Business records</name>
          <updateDate>2024-01-16T18:15:20Z</updateDate>
        </item>
        <item>
          <name>Environmental assessment, monitoring, research</name>
          <updateDate>2024-01-16T18:15:20Z</updateDate>
        </item>
        <item>
          <name>Financial services and investments</name>
          <updateDate>2024-01-16T18:15:20Z</updateDate>
        </item>
        <item>
          <name>Small Business Administration</name>
          <updateDate>2024-01-16T18:15:20Z</updateDate>
        </item>
        <item>
          <name>Small business</name>
          <updateDate>2024-01-16T18:15:20Z</updateDate>
        </item>
        <item>
          <name>User charges and fees</name>
          <updateDate>2024-01-16T18:15:20Z</updateDate>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Commerce</name>
        <updateDate>2023-05-09T18:45:21Z</updateDate>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2023-04-27</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2023-10-13T15:17:57Z</updateDate>
        <cdata>
          <text>&lt;p&gt;&lt;b&gt;504 Credit Risk Management Improvement Act of 2023&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill revises the duties of the Office of Credit Risk Management to include oversight of a certified development company (CDC) that participates in the 504 Loan Program of the Small Business Administration (SBA), and it requires the SBA to issue rules related to certain environmental requirements. The 504 Loan Program provides a small business with SBA financing&amp;#8212;through a CDC intermediary&amp;#8212;for expansion or modernization.&lt;/p&gt; &lt;p&gt;Specifically, the bill requires the office to oversee any CDC that participates in the program and to conduct file reviews with respect to loan closings under the program. Further, the bill authorizes the office to take formal and informal enforcement actions against a CDC for specified violations and to charge each CDC a fee.&lt;/p&gt; &lt;p&gt;The SBA must issue rules to clarify the procedures necessary for an eligible CDC to comply with certain environmental requirements.&lt;/p&gt;</text>
        </cdata>
      </summary>
      <summary>
        <versionCode>25</versionCode>
        <actionDate>2023-07-25</actionDate>
        <actionDesc>Reported to Senate</actionDesc>
        <updateDate>2023-10-25T13:57:55Z</updateDate>
        <cdata>
          <text>&lt;p&gt;&lt;b&gt;504 Credit Risk Management Improvement Act of 2023&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill revises the duties of the Office of Credit Risk Management to include oversight of a certified development company (CDC) that participates in the 504 Loan Program of the Small Business Administration (SBA), and it requires the SBA to issue rules related to certain environmental requirements. The 504 Loan Program provides a small business with SBA financing&amp;#8212;through a CDC intermediary&amp;#8212;for expansion or modernization.&lt;/p&gt; &lt;p&gt;Specifically, the bill requires the office to oversee any CDC that participates in the program and to conduct file reviews with respect to loan closings under the program. Further, the bill authorizes the office to take formal and informal enforcement actions against a CDC for specified violations and to charge each CDC a fee.&lt;/p&gt; &lt;p&gt;The SBA must issue rules to clarify the procedures necessary for an eligible CDC to comply with certain environmental requirements.&lt;/p&gt; &lt;p&gt;The bill also extends, with respect to certain loans, the temporary authorities of a local development company that is designated as an accredited lender.&lt;/p&gt;</text>
        </cdata>
      </summary>
    </summaries>
    <title>504 Credit Risk Management Improvement Act of 2023</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>504 Credit Risk Management Improvement Act of 2023</title>
        <updateDate>2024-07-24T15:21:22Z</updateDate>
      </item>
      <item>
        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>504 Credit Risk Management Improvement Act of 2023</title>
        <updateDate>2024-05-24T13:40:32Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Title(s) as Reported to Senate</titleType>
        <titleTypeCode>103</titleTypeCode>
        <title>504 Credit Risk Management Improvement Act of 2023</title>
        <updateDate>2024-05-24T13:38:20Z</updateDate>
        <chamberCode>S</chamberCode>
        <chamberName>Senate</chamberName>
        <billTextVersionName>Reported to Senate</billTextVersionName>
        <billTextVersionCode>RS</billTextVersionCode>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <title>A bill to amend the Small Business Act to enhance the Office of Credit Risk Management, to require the Administrator of the Small Business Administration to issue rules relating to environmental obligations of certified development companies, and for other purposes.</title>
        <updateDate>2023-05-06T04:43:57Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
      </item>
    </titles>
    <textVersions>
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        <type>Reported to Senate</type>
        <date>2023-07-25T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-118s1345rs/xml/BILLS-118s1345rs.xml</url>
          </item>
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      </item>
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        <type>Introduced in Senate</type>
        <date>2023-04-27T04:00:00Z</date>
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          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-118s1345is/xml/BILLS-118s1345is.xml</url>
          </item>
        </formats>
      </item>
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    <latestAction>
      <actionDate>2023-07-25</actionDate>
      <text>Placed on Senate Legislative Calendar under General Orders. Calendar No. 167.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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