US Congress House Bill 1186 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 9-1)
Status: Introduced on February 16 2017 - 25% progression, died in committee
Action: 2017-04-25 - Referred to the Subcommittee on Research and Technology.
Pending: House Subcommittee on Research and Technology Committee
Text: Latest bill text (Introduced) [PDF]

Investing in America's Small Manufacturers Act This bill amends the Small Business Act to authorize the Small Business Administration (SBA) to guarantee 90% of a loan to a small business manufacturing concern. The SBA may not collect a guarantee fee for a loan of not more than $350,000. For loans exceeding that amount, the fee shall be 50% of the guarantee fee that the SBA would otherwise collect for the loan. The SBA must provide training to small manufacturers in obtaining SBA assistance, including on the application process and partnering with participating lenders. This bill authorizes the SBA and its partners to establish partnerships to facilitate outreach to small manufacturers with respect to the application process for SBA loan guarantees. A state or local development company's debenture issued to a small manufacturer for an SBA loan guarantee may not exceed 50% of the project's cost, subject to certain exceptions.

Investing in America's Small Manufacturers Act

Rep. Tim Ryan [D-OH]	Rep. Marcy Kaptur [D-OH]	Rep. Mark Pocan [D-WI]	Rep. Louise Slaughter [D-NY]
Rep. Patrick McHenry [R-NC]	Rep. Debbie Dingell [D-MI]	Rep. Matthew Cartwright [D-PA]	Rep. David Loebsack [D-IA]
Rep. James McGovern [D-MA]	Rep. Collin Peterson [D-MN]

Date	Chamber	Action
2017-04-25	House	Referred to the Subcommittee on Research and Technology.
2017-02-16	House	Referred to the Committee on Small Business, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2017-02-16	House	Referred to the Committee on Small Business, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2017-02-16	House	Referred to the Committee on Small Business, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2017-02-16	House	Introduced in House

SB347 (Same As) 2017-02-09 - Read twice and referred to the Committee on Small Business and Entrepreneurship.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/1186/all-info
Text	https://www.congress.gov/115/bills/hr1186/BILLS-115hr1186ih.pdf