United States · Bill · HR
H.R. 1490 (117th)
504 Modernization and Small Manufacturer Enhancement Act of 2021
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. Craig, Angie [D-MN-2], Rep. Kim, Young [R-CA-40], Rep. Davids, Sharice [D-KS-3], Rep. Chabot, Steve [R-OH-1], Van Taylor, Rep. Fitzpatrick, Brian K. [R-PA-1], Marie Newman, Rep. Tenney, Claudia [R-NY-24], Rep. Cohen, Steve [D-TN-9]
Subjects
Energy
Source updated
5 December 2025
Summary
504 Modernization and Small Manufacturer Enhancement Act of 2021 This bill modifies the Small Business Administration (SBA) 504 Loan Program, which provides a small business with SBA financing—through a certified development company (CDC) intermediary—for expansion or modernization. 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. 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.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
2 March 2021
Introduced
Referred to the House Committee on Small Business.
Source: IntroReferral
2 March 2021
Introduced
Introduced in House
Source: IntroReferral
2 March 2021
Introduced
Introduced in House
Source: IntroReferral
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
14 April 2021
Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 1490.
Source: Floor
14 April 2021
Floor
Considered under suspension of the rules. (consideration: CR H1769-1772)
Source: Floor
14 April 2021
Floor
Ms. Davids (KS) moved to suspend the rules and pass the bill.
Source: Floor
15 April 2021
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
15 April 2021
Vote
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 400 - 16 (Roll no. 116). (text: 04/14/2021 CR H1769-1770)
Source: Floor
15 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): 400 - 16 (Roll no. 116).(text: 04/14/2021 CR H1769-1770)
Source: Floor
15 April 2021
Floor
Considered as unfinished business. (consideration: CR H1834-1835)
Source: Floor
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 400 · No 16 · Abstain — · Absent/not voting 13
- Rep. Ferguson, A. Drew, IV [R-GA-3]Yea
- Rep. McEachin, A. Donald [D-VA-4]Yea
- Rep. Spanberger, Abigail Davis [D-VA-7]Yea
- Rep. Kinzinger, Adam [R-IL-16]Yea
Showing the first 4 recorded positions. Vote totals above are complete.
Versions
- Referred in Senate · 19 April 2021 · Download file
- Engrossed in House · 15 April 2021 · Download file
- Introduced in House · 2 March 2021 · Download file
Documents
8 official files
Referred in Senate (text)
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Referred in Senate (text)
Referred in Senate · EN · 19 April 2021
Referred in Senate (PDF)
Referred in Senate · EN · 19 April 2021
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Engrossed in House (text)
Engrossed in House · EN · 15 April 2021
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Engrossed in House (PDF)
Engrossed in House · EN · 15 April 2021
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Passed House
summary · EN · 15 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
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Craig, Angie [D-MN-2] · D · Sponsor
- Rep. Kim, Young [R-CA-40] · R · Sponsor
- Rep. Davids, Sharice [D-KS-3] · D · Sponsor
- Rep. Chabot, Steve [R-OH-1] · R · Sponsor
- Van Taylor · R · Cosponsor
- Rep. Fitzpatrick, Brian K. [R-PA-1] · R · Cosponsor
- Marie Newman · D · Cosponsor
- Rep. Tenney, Claudia [R-NY-24] · R · Cosponsor
- Rep. Cohen, Steve [D-TN-9] · D · Cosponsor
- · sssb00 · Standing
- · hssm00 · Standing
Related records
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/house-bill/1490
- Open data entity: https://api.congress.gov/v3/bill/117/hr/1490
- us · 117-hr-1490 · source updated 5 December 2025