HR 5272
SEED Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The SEED Act aims to help small business owners access resources and support by requiring lenders to refer borrowers who are denied a small business loan to a Small Business Development Center (SBDC). This ensures that entrepreneurs receive guidance on improving their loan applications and exploring alternative funding options. The bill strengthens the role of SBDCs in supporting small business growth and development. It’s designed to improve access to capital for small businesses.
Sponsors
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Primary sponsor
Cosponsors
Alan S. Lowenthal
Gilbert Ray, Jr. Cisneros
Katie Porter
Lucille Roybal-Allard
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