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American Small Business Competition Act of 2022

12/29/2022, 9:33 PM

Congressional Summary of S 3682

American Small Business Competition Act of 2022

This bill increases the maximum loan amounts available for small businesses principally engaged in agriculture, manufacturing, or the production of certain technologies. It also requires the Small Business Administration to report about the effect of inflation and supply chain disruption on the cost to small businesses of accessing capital.

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Current Status of Bill S 3682

Bill S 3682 is currently in the status of Bill Introduced since February 17, 2022. Bill S 3682 was introduced during Congress 117 and was introduced to the Senate on February 17, 2022.  Bill S 3682's most recent activity was Read twice and referred to the Committee on Small Business and Entrepreneurship. as of February 17, 2022

Bipartisan Support of Bill S 3682

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3682

Primary Policy Focus

Commerce

Alternate Title(s) of Bill S 3682

American Small Business Competition Act of 2022
American Small Business Competition Act of 2022
A bill to increase the loan limits under the business loan program and the 504 loan program of the Small Business Administration for businesses principally engaged in agriculture, manufacturing, or production of critical and emerging technologies, and for other purposes.

Comments

Sponsors and Cosponsors of S 3682

Joni Ernst
Joni Ernst
IowaRepublican

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