Puerto Rico Small Business Assistance Act of 2017
Latest action · May 17, 2017 Referred to the House Committee on Small Business.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 17, 2017
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Puerto Rico Small Business Assistance Act of 2017
This bill amends the Small Business Act regarding small businesses that have their principal office in Puerto Rico, including to temporarily:
- increase the total amount of loans outstanding and committed to any microloan intermediary if at least 20% of the intermediary's loans are made to such businesses;
- waive the Small Business Administration (SBA) Microloan Program's limit on an intermediary's spending on technical assistance for prospective borrowers if 25% of the intermediary's loans are made to these businesses;
- reduce or eliminate SBA fees on certain loans to such businesses; and
- give federal contract preference to such businesses, transfer specified technology or surplus property to them, and provide subcontracting incentives for their protege firms.
The SBA shall establish: (1) a Veteran Business Outreach Center in Puerto Rico, and (2) a temporary Federal and State Technology (FAST) grant program to provide assistance to Puerto Rico businesses.
The SBA district office in Puerto Rico must temporarily report annually to Congress and the SBA on its activities in Puerto Rico.
Cosponsors 40
Members who signed on, in the order they did. Signatures ran from May 17, 2017 to Mar 14, 2018; 6 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-FL | Darren Soto | Original | May 17, 2017 |
| R-PR | Jenniffer González-Colón | Original | May 17, 2017 |
| D-NY | Jose E. Serrano | Original | May 17, 2017 |
| R-WI | Sean P. Duffy | Original | May 17, 2017 |
| D-FL | Stephanie N. Murphy | Original | May 17, 2017 |
| R-NJ | Thomas MacArthur | Original | May 17, 2017 |
| D-VA | A. Donald McEachin | Jun 7, 2017 | |
| D-NY | Adriano Espaillat | Jun 7, 2017 | |
| D-NJ | Albio Sires | Jun 7, 2017 | |
| D-FL | Alcee L. Hastings | Jun 7, 2017 | |
| D-NJ | Bill Pascrell, Jr. | Jun 7, 2017 | |
| D-RI | David N. Cicilline | Jun 7, 2017 | |
| D-CO | Diana DeGette | Jun 7, 2017 | |
| D-CA | Doris O. Matsui | Jun 7, 2017 | |
| D-NY | Eliot L. Engel | Jun 7, 2017 | |
| D-NJ | Frank Pallone, Jr. | Jun 7, 2017 | |
| D-TX | Gene Green | Jun 7, 2017 | |
| D-NY | Grace Meng | Jun 7, 2017 | |
| D-NY | Gregory W. Meeks | Jun 7, 2017 | |
| D-NY | Hakeem S. Jeffries | Jun 7, 2017 | |
| D-IL | Janice D. Schakowsky | Jun 7, 2017 | |
| D-TX | Joaquin Castro | Jun 7, 2017 | |
| D-NY | Joseph Crowley | Jun 7, 2017 | |
| D-MA | Joseph P. Kennedy III | Jun 7, 2017 | |
| D-CA | Juan Vargas | Jun 7, 2017 | |
| D-CA | Judy Chu | Jun 7, 2017 | |
| D-FL | Kathy Castor | Jun 7, 2017 | |
| D-MN | Keith Ellison | Jun 7, 2017 | |
| D-CA | Lucille Roybal-Allard | Jun 7, 2017 | |
| D-CA | Maxine Waters | Jun 7, 2017 | |
| D-NY | Nita M. Lowey | Jun 7, 2017 | |
| D-VT | Peter Welch | Jun 7, 2017 | |
| D-VA | Robert C. "Bobby" Scott | Jun 7, 2017 | |
| D-AZ | Ruben Gallego | Jun 7, 2017 | |
| D-MI | Sander M. Levin | Jun 7, 2017 | |
| D-AL | Terri A. Sewell | Jun 7, 2017 | |
| D-NY | Yvette D. Clarke | Jun 7, 2017 | |
| D-MD | Steny H. Hoyer | Jul 19, 2017 | |
| D-OH | Joyce Beatty | Aug 18, 2017 | |
| D-MA | Michael E. Capuano | Mar 14, 2018 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Small Business Committee | Referred May 17, 2017 |
Actions 2
Everything that happened, newest first.
- May 17, 2017Introduced in House
- May 17, 2017Referred to the House Committee on Small Business.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 163, no. 85, May 17, 2017, page H4311.
Printed hearings 2
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 115-29 | EMERGENCY RESPONSE AND RECOVERY: CENTRAL TAKEAWAYS FROM THE UNPRECEDENTED 2017 HURRICANE SEASON254 pages | Transportation and Infrastructure Committee | Nov 2, 2017 |
| 115-29 | THE PUERTO RICO OVERSIGHT, MANAGEMENT AND ECONOMIC STABILITY ACT: STATE OF SMALL BUSINESS CONTRACTING104 pages | Small Business Committee | Jul 13, 2017 |
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 526 | Microloan Modernization Act of 2018 | Related bill | Dec 20, 2018 |
| HR 2429 | Puerto Rico Task Force Economic Empowerment Act of 2017 | Related bill | May 22, 2017 |
| HR 5178 | Puerto Rico Small Business Contracting Assistance Act of 2018 | Related bill | Apr 10, 2018 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To provide for small business concerns located in Puerto Rico, and for other purposes.
- Short Titles as Introduced
- Puerto Rico Small Business Assistance Act of 2017
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
- Border security and unlawful immigration
- Business education
- Caribbean area
- Commerce
- Congressional oversight
- Criminal justice information and records
- Foreign labor
- Government lending and loan guarantees
- Government studies and investigations
- Immigration status and procedures
- Interest, dividends, interest rates
- Public contracts and procurement
- Puerto Rico
- Small business
- Small Business Administration
- User charges and fees
- Veterans' education, employment, rehabilitation
Text 1
Each version as it was printed, newest first.
- May 17, 2017Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
