S 2486 · 119th Congress · Commerce

Protecting Access to Credit for Small Businesses Act

Introduced 2025-07-28· Sponsored by Sen. Scott, Tim [R-SC]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Small Business and Entrepreneurship.(2025-07-28)

Plain Language Summary

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2486 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2486 To prohibit the Administrator of the Small Business Administration from directly making loans under the 7(a) loan program, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 28, 2025 Mr. Scott of South Carolina (for himself, Mr. Budd, Mr. Barrasso, Mrs. Hyde-Smith, Mr. Risch, Mr. Daines, Mr. Scott of Florida, Mr. Cramer, and Mr. Crapo) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship _______________________________________________________________________ A BILL To prohibit the Administrator of the Small Business Administration from directly making loans under the 7(a) 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 ``Protecting Access to Credit for Small Businesses Act''. SEC. 2. PROHIBITION ON DIRECT 7(A) LOANS. …

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

Cosponsors (8)

8 Republicans