US Congress House Bill 2488 (Prior Session Legislation)

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Spectrum: Strong Partisan Bill (Democrat 38-3)
Status: Introduced on May 17 2017 - 25% progression, died in committee
Action: 2017-05-17 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]

Puerto Rico Small Business Assistance Act of 2017 This bill amends the Small Business Act regarding small businesses that have their principal office in Puerto Rico, including to temporarily: increase the total amount of loans outstanding and committed to any microloan intermediary if at least 20% of the intermediary's loans are made to such businesses; waive the Small Business Administration (SBA) Microloan Program's limit on an intermediary's spending on technical assistance for prospective borrowers if 25% of the intermediary's loans are made to these businesses; reduce or eliminate SBA fees on certain loans to such businesses; and give federal contract preference to such businesses, transfer specified technology or surplus property to them, and provide subcontracting incentives for their protege firms. The SBA shall establish: (1) a Veteran Business Outreach Center in Puerto Rico, and (2) a temporary Federal and State Technology (FAST) grant program to provide assistance to Puerto Rico businesses. The SBA district office in Puerto Rico must temporarily report annually to Congress and the SBA on its activities in Puerto Rico.

Puerto Rico Small Business Assistance Act of 2017

Rep. Nydia Velazquez [D-NY]	Rep. Jenniffer Gonzalez-Colon [R-PR]	Rep. Jose Serrano [D-NY]	Rep. Thomas MacArthur [R-NJ]
Rep. Darren Soto [D-FL]	Rep. Sean Duffy [R-WI]	Rep. Stephanie Murphy [D-FL]	Rep. Juan Vargas [D-CA]
Rep. Terri Sewell [D-AL]	Rep. Bill Pascrell [D-NJ]	Rep. Albio Sires [D-NJ]	Rep. Donald McEachin [D-VA]
Rep. Lucille Roybal-Allard [D-CA]	Rep. Keith Ellison [D-MN]	Rep. Diana DeGette [D-CO]	Rep. Gene Green [D-TX]
Rep. Joaquin Castro [D-TX]	Rep. Joseph Crowley [D-NY]	Rep. Judy Chu [D-CA]	Rep. Yvette Clarke [D-NY]
Rep. Adriano Espaillat [D-NY]	Rep. Hakeem Jeffries [D-NY]	Rep. David Cicilline [D-RI]	Rep. Frank Pallone [D-NJ]
Rep. Alcee Hastings [D-FL]	Rep. Robert Scott [D-VA]	Rep. Kathy Castor [D-FL]	Rep. Sander Levin [D-MI]
Rep. Joseph Kennedy [D-MA]	Sen. Peter Welch [D-VT]	Rep. Eliot Engel [D-NY]	Sen. Ruben Gallego [D-AZ]
Rep. Nita Lowey [D-NY]	Rep. Maxine Waters [D-CA]	Rep. Gregory Meeks [D-NY]	Rep. Janice Schakowsky [D-IL]
Rep. Doris Matsui [D-CA]	Rep. Grace Meng [D-NY]	Rep. Steny Hoyer [D-MD]	Rep. Joyce Beatty [D-OH]
Rep. Michael Capuano [D-MA]

Date	Chamber	Action
2017-05-17	House	Referred to the House Committee on Small Business.
2017-05-17	House	Introduced in House

HB2429 (Related) 2017-05-22 - Referred to the Subcommittee on Health.
HB5178 (Related) 2018-04-10 - Placed on the Union Calendar, Calendar No. 481.
SB526 (Related) 2018-12-20 - By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-452.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/2488/all-info
Text	https://www.congress.gov/115/bills/hr2488/BILLS-115hr2488ih.pdf