US Congress Senate Bill 2637 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on July 22 2014 - 25% progression, died in committee
Action: 2014-07-22 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]

SBA Intermediary Lending Program Act of 2014 - Amends the Small Business Act to make permanent the Small Business Administration (SBA) Intermediary Lending Program (ILP). Limits to a maximum of: (1) $1 million a single ILP loan to an eligible intermediary, (2) $5 million the total amount outstanding and committed to the intermediary by the Administrator under the program, and (3) $20 million the total amount of all ILP loans during each of FY2015-FY2017. Authorizes the Administrator, during FY2018 and each ensuing fiscal year, to use amounts made available for the program.

SBA Intermediary Lending Program Act of 2014

Sen. Carl Levin [D-MI]

Date	Chamber	Action
2014-07-22	Senate	Read twice and referred to the Committee on Small Business and Entrepreneurship.
2014-07-22	Senate	Sponsor introductory remarks on measure. (CR S4707-4708)

SB2693 (Related) 2014-07-30 - Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S5138-5142)
HB5584 (Related) 2014-09-18 - Referred to the House Committee on Small Business.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/2637/all-info
Text	https://www.congress.gov/113/bills/s2637/BILLS-113s2637is.pdf