HR 2462 · 113th Congress · Commerce

Small Business Opportunity Acceleration Act of 2013

Introduced 2013-06-20· Sponsored by Rep. Hahn, Janice [D-CA-44]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Small Business.(2013-06-20)

Plain Language Summary

[AI summary unavailable — showing source text] Small Business Opportunity Acceleration Act of 2013 - Amends the Small Business Act to eliminate loan guarantee fees for certain small business loans that total $150,000 or less. (Currently, the Small Business Administration [SBA] is required to collect a guarantee fee, which is payable by the participating lender, and may be charged to the borrower, of up to 2% of the deferred participation share of a such a total loan amount that is $150,000 or less.)…

Summarized by Claude AI · Non-partisan · For informational purposes only