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United States · Bill · HR

H.R. 2488 (115th)

Puerto Rico Small Business Assistance Act of 2017

referredUnited States· United States Congress· EN

Introduced

17 May 2017

Last action

17 May 2017 · Introduced

Status

Referred to the House Committee on Small Business.

Sponsors

Rep. Velázquez, Nydia M. [D-NY-7], Rescom. González-Colón, Jenniffer [R-PR-At Large], Rep. Serrano, Jose E. [D-NY-15], Rep. MacArthur, Thomas [R-NJ-3], Rep. Soto, Darren [D-FL-9], Rep. Duffy, Sean P. [R-WI-7], Rep. Murphy, Stephanie N. [D-FL-7], Rep. Vargas, Juan [D-CA-52], Rep. Sewell, Terri A. [D-AL-7], Rep. Pascrell, Bill, Jr. [D-NJ-9], Rep. Sires, Albio [D-NJ-13], Rep. McEachin, A. Donald [D-VA-4], Rep. Roybal-Allard, Lucille [D-CA-40], Rep. Ellison, Keith [D-MN-5], Rep. DeGette, Diana [D-CO-1], Rep. Green, Gene [D-TX-29], Rep. Castro, Joaquin [D-TX-20], Rep. Crowley, Joseph [D-NY-14], Rep. Chu, Judy [D-CA-28], Rep. Clarke, Yvette D. [D-NY-9], Rep. Espaillat, Adriano [D-NY-13], Rep. Jeffries, Hakeem S. [D-NY-8], Rep. Cicilline, David N. [D-RI-1], Rep. Pallone, Frank [D-NJ-6], Rep. Hastings, Alcee L. [D-FL-20], Rep. Scott, Robert C. "Bobby" [D-VA-3], Rep. Castor, Kathy [D-FL-14], Rep. Levin, Sander M. [D-MI-12], Rep. Kennedy, Joseph P., III [D-MA-4], Sen. Welch, Peter [D-VT], Rep. Engel, Eliot L. [D-NY-16], Sen. Gallego, Ruben [D-AZ], Rep. Lowey, Nita M. [D-NY-17], Rep. Waters, Maxine [D-CA-43], Rep. Meeks, Gregory W. [D-NY-5], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Matsui, Doris O. [D-CA-7], Rep. Meng, Grace [D-NY-6], Rep. Hoyer, Steny H. [D-MD-5], Rep. Beatty, Joyce [D-OH-3], Rep. Capuano, Michael E. [D-MA-8]

Subjects

Discovery layer

Source updated

11 August 2025

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Summary

Puerto Rico Small Business Assistance Act of 2017 This bill amends the Small Business Act regarding small businesses that have their principal office in Puerto Rico, including to temporarily: increase the total amount of loans outstanding and committed to any microloan intermediary if at least 20% of the intermediary's loans are made to such businesses; waive the Small Business Administration (SBA) Microloan Program's limit on an intermediary's spending on technical assistance for prospective borrowers if 25% of the intermediary's loans are made to these businesses; reduce or eliminate SBA fees on certain loans to such businesses; and give federal contract preference to such businesses, transfer specified technology or surplus property to them, and provide subcontracting incentives for their protege firms. The SBA shall establish: (1) a Veteran Business Outreach Center in Puerto Rico, and (2) a temporary Federal and State Technology (FAST) grant program to provide assistance to Puerto Rico businesses. The SBA district office in Puerto Rico must temporarily report annually to Congress and the SBA on its activities in Puerto Rico.

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

Timeline

  1. 17 May 2017

    Introduced

    Referred to the House Committee on Small Business.

    Source: IntroReferral

  2. 17 May 2017

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 17 May 2017

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 17 May 2017

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  • Introduced in House (PDF)

    Introduced in House · EN · 17 May 2017

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  • Introduced in House

    summary · EN · 17 May 2017

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Sponsors

Related records

Sources

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