Investing in America's Small Manufacturers Act

Summary

Investing in America's Small Manufacturers Act This bill amends the Small Business Act to authorize the Small Business Administration (SBA) to guarantee 90% of a loan to a small business manufacturing concern. The SBA may not collect a guarantee fee for a loan of not more than $350,000. For loans exceeding that amount, the fee shall be 50% of the guarantee fee that the SBA would otherwise collect for the loan. The SBA must provide training to small manufacturers in obtaining SBA assistance, including on the application process and partnering with participating lenders. This bill authorizes the SBA and its partners to establish partnerships to facilitate outreach to small manufacturers with respect to the application process for SBA loan guarantees. A state or local development company's debenture issued to a small manufacturer for an SBA loan guarantee may not exceed 50% of the project's cost, subject to certain exceptions.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 16 February 2017

   Introduced

   Referred to the Committee on Small Business, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 16 February 2017

   Introduced

   Referred to the Committee on Small Business, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 16 February 2017

   Introduced

   Introduced in House

   Source: IntroReferral

4. 16 February 2017

   Introduced

   Introduced in House

   Source: IntroReferral

5. 25 April 2017

   Referred

   Referred to the Subcommittee on Research and Technology.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 16 February 2017 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 February 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 16 February 2017

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 16 February 2017

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  Vertaal document

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Sponsors

• Rep. Ryan, Tim [D-OH-13] · D · Sponsor
• Rep. Kaptur, Marcy [D-OH-9] · D · Sponsor
• Rep. Pocan, Mark [D-WI-2] · D · Sponsor
• Rep. Slaughter, Louise McIntosh [D-NY-25] · D · Sponsor
• Rep. McHenry, Patrick T. [R-NC-10] · R · Cosponsor
• Rep. Dingell, Debbie [D-MI-6] · D · Cosponsor
• Rep. Cartwright, Matt [D-PA-17] · D · Cosponsor
• Rep. Loebsack, David [D-IA-2] · D · Cosponsor
• Rep. McGovern, James P. [D-MA-2] · D · Cosponsor
• Rep. Peterson, Collin C. [D-MN-7] · D · Cosponsor
• · hssy00 · Standing
• · hssm00 · Standing

Related records

• related to → Investing in America's Small Manufacturers Act