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United States · Bill · HR

H.R. 1482 (117th)

504 Credit Risk Management Improvement Act of 2021

referredUnited States· United States Congress· EN

Introduced

2 March 2021

Last action

19 April 2021 · Introduced

Status

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Sponsors

Rep. Bishop, Dan [R-NC-8], Rep. Craig, Angie [D-MN-2], Rep. Kim, Young [R-CA-40], Rep. Davids, Sharice [D-KS-3], Rep. Tenney, Claudia [R-NY-24], Rep. Cohen, Steve [D-TN-9]

Subjects

Environment

Source updated

5 December 2025

Environment

Summary

504 Credit Risk Management Improvement Act of 2021 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—through a CDC intermediary—for expansion or modernization. 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. The SBA must issue rules to clarify the procedures necessary for an eligible CDC to comply with certain environmental requirements.

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

Timeline

  1. 2 March 2021

    Introduced

    Referred to the House Committee on Small Business.

    Source: IntroReferral

  2. 2 March 2021

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 2 March 2021

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 14 April 2021

    Vote

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

    Source: Floor

  5. 14 April 2021

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 1482.

    Source: Floor

  6. 14 April 2021

    Floor

    Considered under suspension of the rules. (consideration: CR H1772-1775)

    Source: Floor

  7. 14 April 2021

    Floor

    Ms. Davids (KS) moved to suspend the rules and pass the bill.

    Source: Floor

  8. 16 April 2021

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  9. 16 April 2021

    Vote

    On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 8 (Roll no. 119). (text: 04/14/2021 CR H1772-1773)

    Source: Floor

  10. 16 April 2021

    Vote

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 8 (Roll no. 119).(text: 04/14/2021 CR H1772-1773)

    Source: Floor

  11. 16 April 2021

    Floor

    Considered as unfinished business. (consideration: CR H1872-1873)

    Source: Floor

  12. 19 April 2021

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

    Source: IntroReferral

Votes

16 April 2021 · passed · On Motion to Suspend the Rules and Pass · Passed · Official source

Yes 411 · No 8 · Abstain — · Absent/not voting 10

Showing the first 4 recorded positions. Vote totals above are complete.

Versions

Documents

8 official files

Referred in Senate (text)

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Leesvertaling

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  • Referred in Senate (text)

    Referred in Senate · EN · 19 April 2021

    ViewDownloadOpen at official source

  • Referred in Senate (PDF)

    Referred in Senate · EN · 19 April 2021

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  • Engrossed in House (text)

    Engrossed in House · EN · 16 April 2021

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 16 April 2021

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  • Passed House

    summary · EN · 16 April 2021

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  • Introduced in House (text)

    Introduced in House · EN · 2 March 2021

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  • Introduced in House (PDF)

    Introduced in House · EN · 2 March 2021

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  • Introduced in House

    summary · EN · 2 March 2021

    Open at official source

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Sponsors

Related records

Sources

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