S 3682
American Small Business Competition Act of 2022
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Bill overview
The American Small Business Competition Act of 2022 aims to increase access to capital for small businesses, particularly those in agriculture, manufacturing, and the production of critical and emerging technologies. It does this by raising loan limits under the Small Business Administration’s business and 504 loan programs. The bill also requires the Small Business Administration to report on the impact of inflation and supply chain issues on small businesses’ ability to secure loans.
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