S 2486
Protecting Access to Credit for Small Businesses Act
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill aims to prevent the Small Business Administration (SBA) from directly offering loans through its 7(a) loan program. Instead, the SBA will focus on guaranteeing loans made by private lenders. The bill also outlines a process for servicing existing SBA loans made before the bill’s enactment. This change is intended to increase access to credit for small businesses by relying on the private lending market.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.