Community Advantage Loan Program Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 7560 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 7560 To amend the Small Business Act to codify the Community Advantage Loan Program, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 6, 2024 Ms. Chu (for herself and Ms. Velazquez) introduced the following bill; which was referred to the Committee on Small Business _______________________________________________________________________ A BILL To amend the Small Business Act to codify the Community Advantage Loan Program, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Community Advantage Loan Program Act of 2024''. SEC. 2. COMMUNITY ADVANTAGE LOAN PROGRAM. (a) Establishment of Community Advantage Loan Program.--Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is amended by adding at the end the following: ``(38) Community advantage loan program.-- ``(A) Purposes.--The purposes of the Comm…