SSBCI Improvement Act

Hozzl · 2024-03-13T02:46:09Z

Explore the details of Senate Bill 4476 SSBCI Improvement Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

3/13/2024, 2:46 AM

Congressional Summary of S 4476

SSBCI Improvement Act

This bill modifies how funds are transferred to (and recouped from) states under the State Small Business Credit Initiative. For example, if a state's allocated amount is less than or equal to $1,000,000 the Department of the Treasury must provide the full amount in a single transfer.

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Current Status of Bill S 4476

Bill S 4476 is currently in the status of Bill Introduced since June 23, 2022. Bill S 4476 was introduced during Congress 117 and was introduced to the Senate on June 23, 2022. Bill S 4476's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of June 23, 2022

Bipartisan Support of Bill S 4476

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 4476

Primary Policy Focus

Commerce

Alternate Title(s) of Bill S 4476

SSBCI Improvement Act

A bill to amend the State Small Business Credit Initiative Act of 2010 to modify allocations under the State Small Business Credit Initiative, and for other purposes.