Small Business Access to Capital Act of 2015

Summary

Small Business Access to Capital Act of 2015 Amends the Small Business Jobs Act of 2010 to extend for an additional eight fiscal years the State Small Business Credit Initiative to assist participating states to give collateral support and other innovative credit access and guarantee initiatives for small businesses and manufacturers. Prescribes allocations of federal funds to participating states. Authorizes the Department of the Treasury to award, on a competitive basis, up to a total of $1 billion in two tranches, according to specified criteria, to participating states and consortiums of participating states for use: (1) for making federal contributions to, or for the account of, an approved state program; or (2) as collateral for a qualifying loan or swap funding facility.

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Timeline

1. 30 July 2015

   Introduced

   Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

   Source: IntroReferral

2. 30 July 2015

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 30 July 2015 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 30 July 2015

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 30 July 2015

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 30 July 2015

  Open at official source

Sponsors

• Sen. Stabenow, Debbie [D-MI] · D · Sponsor
• Jeanne Shaheen · D · Sponsor
• Gary Peters · D · Sponsor
• · ssbk00 · Standing

Related records

• related to → Small Business Access to Capital Act of 2017
• related to ← Jumpstart HOUSE Act of 2016
• related to ← Small Business Access to Capital Act of 2016