HR 1893 · 119th Congress · Commerce
LIONs Act of 2025
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Small Business.(2025-03-05)
Plain Language Summary
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[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1893 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 1893 To amend the Small Business Act and the Small Business Investment Act of 1958 to increase the maximum loan amount for certain loans, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 5, 2025 Mr. Thanedar (for himself and Mr. Alford) introduced the following bill; which was referred to the Committee on Small Business _______________________________________________________________________ A BILL To amend the Small Business Act and the Small Business Investment Act of 1958 to increase the maximum loan amount for certain loans, 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 ``Loans In Our Neighborhoods Act of 2025'' or the ``LIONs Act of 2025''. SEC. 2. MAXIMUM LOAN AMOUNT FOR A 7(A) LOAN. Section 7(a)(3)(A) of the Small Business Act (15 U.S.C. 636(a)(3)(A)) is amended by striking ``$3,750,000 (or …
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (9)
6 Democrats3 Republicans