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<BillSummaries>
<item congress="113" measure-type="hr" measure-number="4556" measure-id="id113hr4556" originChamber="HOUSE" orig-publish-date="2014-05-01" update-date="2014-07-09">
<title>Small Business Access to Capital Act of 2014</title>
<summary summary-id="id113hr4556v00" currentChamber="HOUSE" update-date="2014-07-09">
<action-date>2014-05-01</action-date>
<action-desc>Introduced in House</action-desc>
<summary-text><![CDATA[<p class="MsoNormal">Small Business Access to Capital Act of 2014 - Amends the Small Business Jobs Act of 2010 to extend for an additional eight fiscal years the State Small Business Credit Initiative to assist participating states to give collateral support and other innovative credit access and guarantee initiatives for small businesses and manufacturers. </p> <p class="MsoNormal">Prescribes allocations of federal funds to participating states. </p> Authorizes the Secretary of the Treasury to award, on a competitive basis, up to a total of $1 billion in two tranches, according to specified criteria, to participating states and consortiums of participating states for use: (1) for making federal contributions to, or for the account of, an approved state program; and (2) as collateral for a qualifying loan or swap funding facility. <p />]]></summary-text>
</summary>
</item>
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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 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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