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- S.1509
S.1509: Fair Access to Small Business Lending Act
About This Bill
- Introduced April 29, 2021
- Latest Major Action April 29, 2021
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - April 29, 2021
Bill Summary
Fair Access to Small Business Lending Act This bill requires the Small Business Administration (SBA) to carry out an initiative to expand the availability of 7(a) loans to small businesses that are located in low- or moderate-income neighborhoods. (Under the 7(a) Program, the SBA provides business loans and loan guaranties to small business borrowers unable to obtain financing elsewhere.) The SBA must expand authorization for providing 7(a)...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| April 29, 2021 |
Read twice and referred to the Committee on Small Business and Entrepreneurship.
|
| April 29, 2021 |
Introduced in the Senate by Marco Rubio (R-Fla.) |