3.0.0 1352 2025-05-27T14:12:59Z 2025-05-27T14:12:59Z Senate S S 2023-04-27 118 sssb00 Small Business and Entrepreneurship Committee Senate Standing Reported By 2023-07-25T23:02:45Z Markup By 2023-07-19T19:00:08Z Referred To 2023-04-27T18:06:11Z 118 10246 HR 2024-11-21 Referred to the House Committee on Small Business. Related bill CRS 2023-07-25 Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 168. Calendars 2023-07-25 sssb00 Small Business and Entrepreneurship Committee Senate Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with an amendment in the nature of a substitute. Without written report. Committee 2023-07-25 Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with an amendment in the nature of a substitute. Without written report. Committee 14000 9 Library of Congress sssb00 Small Business and Entrepreneurship Committee 2023-07-19 sssb00 Small Business and Entrepreneurship Committee Senate Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably. Committee 2023-04-27 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2023-04-27 Introduced in Senate IntroReferral 10000 9 Library of Congress K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN N Y000064 Sen. Young, Todd [R-IN] Todd Young R IN 2023-04-27 True B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2023-04-27 True R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL 2023-04-27 True C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2023-07-19 False 2023-09-28T22:59:00Z https://www.cbo.gov/publication/59618 As reported by the Senate Committee on Small Business and Entrepreneurship on July 25, 2023 Commerce Administrative law and regulatory procedures 2024-01-16T18:30:25Z Administrative remedies 2024-01-16T18:30:25Z Banking and financial institutions regulation 2024-01-16T18:30:25Z Business records 2024-01-16T18:30:25Z Environmental assessment, monitoring, research 2024-01-16T18:30:25Z Financial services and investments 2024-01-16T18:30:25Z Small Business Administration 2024-01-16T18:30:25Z Small business 2024-01-16T18:30:25Z User charges and fees 2024-01-16T18:30:25Z Commerce 2023-05-16T20:45:18Z

00 2023-04-27 Introduced in Senate 2023-10-16T12:15:21Z <p><b>504 Modernization and Small Manufacturer Enhancement Act of 2023</b></p> <p>This bill modifies the Small Business Administration (SBA) 504 Loan Program, which provides a small business with SBA financing&#8212;through a certified development company (CDC) intermediary&#8212;for expansion or modernization.</p> <p>Specifically, the bill adds policy goals, at least one of which a CDC must demonstrate to be eligible for assistance. These include (1) enhancing the ability of a small business to reduce costs by using energy efficient products and generating renewable energy, and (2) aiding the revitalization of any area for which a disaster has been declared or determined. The bill also authorizes a CDC to take specified actions to facilitate the closing of a 504 loan, such as correcting borrower or lender information on loan documents or reallocating up to 10% of the cost of a project.</p> <p>For small manufacturers, the bill (1) increases the maximum loan amount from $5.5 million to $6.5 million, (2) reduces the amount that they must contribute to project costs, (3) increases job retention requirements, and (4) revises collateral requirements and debt refinancing considerations. Further, each SBA district office must partner with a resource partner to provide certain training for small manufacturers. </p>

25 2023-07-25 Reported to Senate 2023-10-25T14:11:37Z <p><b>504 Modernization and Small Manufacturer Enhancement Act of 2023</b></p> <p>This bill modifies the Small Business Administration (SBA) 504 Loan Program, which provides a small business with SBA financing&#8212;through a certified development company (CDC) intermediary&#8212;for expansion or modernization.</p> <p>Specifically, the bill adds policy goals, at least one of which a CDC must demonstrate to be eligible for assistance. These include (1) enhancing the ability of a small business to reduce costs by using energy efficient products and generating renewable energy, and (2) aiding the revitalization of any area for which a disaster has been declared or determined. The bill also authorizes a CDC to take specified actions to facilitate the closing of a 504 loan, such as correcting borrower or lender information on loan documents or reallocating up to 10% of the cost of a project.</p> <p>For small manufacturers, the bill (1) increases the maximum loan amount from $5.5 million to $6.5 million, (2) reduces the amount that they must contribute to project costs, (3) increases job retention requirements, and (4) revises collateral requirements and debt refinancing considerations. Further, each SBA district office must partner with a resource partner to provide certain training for small manufacturers. </p>

Display Title 45 2024-07-24T15:21:22Z Short Title(s) as Introduced 101 2024-05-24T13:40:28Z Introduced in Senate IS Short Title(s) as Reported to Senate 103 2024-05-24T13:38:21Z S Senate Reported to Senate RS Official Title as Introduced 6 2023-05-09T03:28:46Z Introduced in Senate IS Reported to Senate 2023-07-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s1352rs/xml/BILLS-118s1352rs.xml Introduced in Senate 2023-04-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s1352is/xml/BILLS-118s1352is.xml 2023-07-25 Placed on Senate Legislative Calendar under General Orders. Calendar No. 168. 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.