Bills
H.R.7903

H.R.7903: To amend the Small Business Act to establish the Community Advantage Loan Program.

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About This Bill

Introduced July 31, 2020
Latest Major Action Dec. 7, 2020

Bill Sponsor

Judy Chu (D-Calif.)

Bill Cosponsors

3 (1 Democrat, 2 Republicans)

Bill Versions

Engrossed in House - Dec. 3, 2020
Introduced in House - July 31, 2020

Bill Summary

This bill establishes through FY2025 a Community Advantage Loan Program under which the Small Business Administration (SBA) may guarantee loans made by covered institutions to small business concerns in underserved markets. Specifically, the bill provides statutory authority for the Community Advantage Pilot Program (CA) and includes women and minorities as eligible groups for CA loans in addition to the other categories that are currently...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 5 statements associated with H.R.7903.

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Bill Actions

Date	Description
Dec. 7, 2020	Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Dec. 3, 2020	Voice Vote in the House On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6068-6070)
Dec. 3, 2020	Considered under suspension of the rules. (consideration: CR H6068-6072)
Dec. 3, 2020	Motion to reconsider laid on the table Agreed to without objection.
Dec. 3, 2020	On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Dec. 3, 2020	DEBATE - The House proceeded with forty minutes of debate on H.R. 7903.
Dec. 3, 2020	Considered under suspension of the rules.
Dec. 3, 2020	Ms. Velazquez moved to suspend the rules and pass the bill, as amended.
Sept. 16, 2020	Ordered to be Reported (Amended) by Voice Vote.
Sept. 16, 2020	Committee Consideration and Mark-up Session Held.
July 31, 2020	Referred to the House Committee on Small Business.
July 31, 2020	Introduced in the House by Judy Chu (D-Calif.)

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