S.2378: Access Business Credit Act of 2018

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Bill Summary

Access Business Credit Act of 2018 This bill amends the Internal Revenue Code to exclude from the gross income of certain banks interest received on small business loans of up to $5 million. The bill applies to loans that are: (1) secured by land situated in the United States that is used or held by the small business in connection with the active conduct of a farming business, or (2) incurred in the ordinary course of the trade or business...

(Source: Library of Congress)

Bill Actions

Date Description
Feb. 6, 2018
Read twice and referred to the Committee on Finance.
Feb. 6, 2018

Introduced in the Senate by Mike Rounds (R-S.D.)

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