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- S.347
S.347: Investing in America's Small Manufacturers Act
About This Bill
- Introduced Feb. 9, 2017
- Latest Major Action Feb. 9, 2017
Bill Sponsor
Bill Version
- Introduced in Senate - Feb. 9, 2017
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.) |