To increase the amount of funding available for fiscal year 2015 for certain general business loans authorized under the Small Business Act.

Bill: 114-hr-3132
Sponsor: full_name: Rep. Velazquez, Nydia M. [D-NY-7]
Introduced: 2015-07-21
Policy area: Commerce
Subjects: Government lending and loan guarantees

Small business
Latest action: action_date: 2015-07-21
text: Referred to the House Committee on Small Business.

Summaries:
action_date: 2015-07-21
action_desc: Introduced in House
text: <p>This bill amends the Consolidated and Further Continuing Appropriations Act, 2015 to increase the limit from $18.75 billion to $23.5 billion for FY2015 commitments for general business loans authorized under the Small Business Act for a combination of amortizing term loans and the aggregated maximum line of credit provided by revolving loans.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 3132 IN THE HOUSE OF REPRESENTATIVES July 21, 2015 Ms. Velázquez (for herself, Mr. Serrano , Ms. Judy Chu of California , Ms. Hahn , Mrs. Lawrence , Ms. Clarke of New York , Mr. Moulton , Mr. Takai , Ms. Meng , Ms. Adams , and Mr. Payne ) introduced the following bill; which was referred to the Committee on Small Business A BILL To increase the amount of funding available for fiscal year 2015 for certain general business loans authorized under the Small Business Act.

1. Increase to the amount of funding available to the Small Business Administration to make section 7(a) loans The third proviso under the heading Small Business Administration—Business Loans Program Account in title V of division E of the Consolidated and Further Continuing Appropriations Act, 2015 ( Public Law 113–235 ; 128 Stat. 2371) is amended by striking $18,750,000,000 and inserting $23,500,000,000 .