H.R.2462: Small Business Opportunity Acceleration Act of 2013

About This Bill

  • Introduced June 20, 2013
  • Latest Major Action June 20, 2013

Bill Summary

Small Business Opportunity Acceleration Act of 2013 - Amends the Small Business Act to eliminate loan guarantee fees for certain small business loans that total $150,000 or less. (Currently, the Small Business Administration [SBA] is required to collect a guarantee fee, which is payable by the participating lender, and may be charged to the borrower, of up to 2% of the deferred participation share of a such a total loan amount that is $150,000...

(Source: Library of Congress)

Bill Actions

Date Description
June 20, 2013
Referred to the House Committee on Small Business.
June 20, 2013

Introduced in the House by Janice Hahn (D-Calif.)

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