H.R.4844: 504 Program Level Flexibility Act

About This Bill

  • Introduced July 29, 2021
  • Latest Major Action July 29, 2021

Bill Version

Bill Summary

504 Program Level Flexibility Act This bill authorizes the Small Business Administration (SBA), upon a determination that the amount of its commitments to guarantee 504 loans could exceed the authorized limit, to guarantee up to 115% of that limit. Such loans, made through SBA community partners and certified by the SBA, provide long-term, fixed rate financing for major fixed assets that promote business growth and job creation.

(Source: Library of Congress)

Bill Actions

Date Description
July 29, 2021
Referred to the House Committee on Small Business.
July 29, 2021

Introduced in the House by Marie Newman (D-Ill.)

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