504 Credit Risk Management Improvement Act of 2023

Summary

504 Credit Risk Management Improvement Act of 2023 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.

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Timeline

1. 27 April 2023

   Introduced

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

   Source: IntroReferral

2. 27 April 2023

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 19 July 2023

   Reported

   Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.

   Source: Committee

4. 25 July 2023

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 167.

   Source: Calendars

5. 25 July 2023

   Reported

   Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with an amendment in the nature of a substitute. Without written report.

   Source: Committee

6. 25 July 2023

   Reported

   Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with an amendment in the nature of a substitute. Without written report.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Reported to Senate · 25 July 2023 · Download file
• Introduced in Senate · 27 April 2023 · Download file

Documents

6 official files

• Reported to Senate (text)

  Reported to Senate · EN · 25 July 2023

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• Reported to Senate (PDF)

  Reported to Senate · EN · 25 July 2023

  ViewDownloadOpen at official source

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• Reported to Senate

  summary · EN · 25 July 2023

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  Vertaal document

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• Introduced in Senate (text)

  Introduced in Senate · EN · 27 April 2023

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 27 April 2023

  ViewDownloadOpen at official source

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in Senate

  summary · EN · 27 April 2023

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Young, Todd [R-IN] · R · Sponsor
• Sen. Klobuchar, Amy [D-MN] · D · Sponsor
• Sen. Booker, Cory A. [D-NJ] · D · Sponsor
• · sssb00 · Standing

Related records

• related to ← 504 Credit Risk Management Improvement Act of 2021