LIONs Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 901 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 901 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 SENATE OF THE UNITED STATES March 6, 2025 Mr. Tillis introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ 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 (o…