HR 4844 · 117th Congress · Commerce

504 Program Level Flexibility Act

Introduced 2021-07-29· Sponsored by Rep. Newman, Marie [D-IL-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Small Business.(2021-07-29)

Plain Language Summary

[AI summary unavailable — showing source text] 504 Program Level Flexibility Act This bill authorizes the Small Business Administration (SBA), upon a determination that the amount of its commitments to guarantee 504 loans could exceed the authorized limit, to guarantee up to 115% of that limit. Such loans, made through SBA community partners and certified by the SBA, provide long-term, fixed rate financing for major fixed assets that promote business growth and job creation.…

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

Cosponsors (3)

3 Democrats
Rep. Davis, Danny K. [D-IL-7]IL
Rep. Mrvan, Frank J. [D-IN-1]IN
Rep. Schrier, Kim [D-WA-8]WA