S.347: Investing in America's Small Manufacturers Act

About This Bill

  • Introduced Feb. 9, 2017
  • Latest Major Action Feb. 9, 2017

Bill Cosponsors

2 (1 Democrat, 1 Republican)

Bill Version

Bill Summary

Investing in America's Small Manufacturers Act This bill amends the Small Business Act to authorize the Small Business Administration (SBA) to guarantee 90% of a loan to a small business manufacturing concern. The SBA may not collect a guarantee fee on these loans of more than $350,000. For loans exceeding this amount, the fee shall be 50% of the guarantee fee that the SBA would otherwise collect for the loan. The SBA must provide training...

(Source: Library of Congress)

Bill Actions

Date Description
Feb. 9, 2017
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Feb. 9, 2017

Introduced in the Senate by Christopher A. Coons (D-Del.)

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