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- H.R.4844
H.R.4844: 504 Program Level Flexibility Act
About This Bill
- Introduced July 29, 2021
- Latest Major Action July 29, 2021
Bill Sponsor
Bill Cosponsors
3 (All Democrats)
Bill Version
- Introduced in House - July 29, 2021
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.) |