504 Loan Availability Act

Hozzl · 2024-03-13T06:54:22Z

Explore the details of Senate Bill 5057 504 Loan Availability 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, 6:54 AM

Congressional Summary of S 5057

504 Loan Availability Act

This bill temporarily combines the funding authorization for loans and refinancing loans under the Small Business Administration 504 loan program. The 504 loan program provides financing for major fixed assets through community-based Certified Development Companies (CDCs).

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill S 5057

Bill S 5057 is currently in the status of Bill Introduced since September 29, 2022. Bill S 5057 was introduced during Congress 117 and was introduced to the Senate on September 29, 2022. Bill S 5057's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of September 29, 2022

Bipartisan Support of Bill S 5057

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 5057

Primary Policy Focus

Commerce

Alternate Title(s) of Bill S 5057

504 Loan Availability Act

A bill to amend the Small Business Investment Act of 1958 to modify fees and funding for certain small business refinancing loans and loans to qualified State or local development companies, and for other purposes.