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504 Loan Availability Act
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).
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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
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 5057
Primary Policy Focus
CommerceAlternate Title(s) of Bill S 5057
504 Loan Availability Act
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.
Comments
Sponsors and Cosponsors of S 5057
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