HR 6317 · 117th Congress · Commerce

Capital for Cooperatives Act

Introduced 2021-12-16· Sponsored by Rep. Neguse, Joe [D-CO-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.(2022-01-04)

Plain Language Summary

[AI summary unavailable — showing source text] Capital for Cooperatives Act This bill eliminates the requirement that cooperatives provide a personal guarantee with respect to certain Small Business Administration (SBA) loans. It also requires the SBA, in collaboration with the Interagency Working Group on Cooperative Development, to develop recommendations and cooperate with federal agencies and other entities to promote, support, and increase the number of cooperatives.…

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