Protecting Access to Credit for Small Businesses Act
Latest action · Dec 14, 2021 Read twice and referred to the Committee on Small Business and Entrepreneurship.
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.
- IntroducedDec 14, 2021
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Protecting Access to Credit for Small Businesses Act
This bill prohibits the Small Business Administration from directly making a loan under the 7(a) Program, which authorizes loans and loan guaranties to small businesses that meet certain requirements.
Cosponsors 23
Members who signed on, in the order they did. Signatures ran from Dec 14, 2021 to May 10, 2022; 19 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-LA | Bill Cassidy | Original | Dec 14, 2021 |
| R-ID | James E. Risch | Original | Dec 14, 2021 |
| R-OK | James Lankford | Original | Dec 14, 2021 |
| R-OK | James M. Inhofe | Original | Dec 14, 2021 |
| R-KS | Jerry Moran | Original | Dec 14, 2021 |
| R-WY | John Barrasso | Original | Dec 14, 2021 |
| R-AR | John Boozman | Original | Dec 14, 2021 |
| R-TX | John Cornyn | Original | Dec 14, 2021 |
| R-LA | John Kennedy | Original | Dec 14, 2021 |
| R-SD | John Thune | Original | Dec 14, 2021 |
| R-ND | Kevin Cramer | Original | Dec 14, 2021 |
| R-ID | Mike Crapo | Original | Dec 14, 2021 |
| R-SD | Mike Rounds | Original | Dec 14, 2021 |
| R-PA | Patrick J. Toomey | Original | Dec 14, 2021 |
| R-KY | Rand Paul | Original | Dec 14, 2021 |
| R-FL | Rick Scott | Original | Dec 14, 2021 |
| R-KS | Roger Marshall | Original | Dec 14, 2021 |
| R-MT | Steve Daines | Original | Dec 14, 2021 |
| R-NC | Thom Tillis | Original | Dec 14, 2021 |
| R-IA | Joni Ernst | Dec 16, 2021 | |
| R-IA | Chuck Grassley | Jan 5, 2022 | |
| R-NE | Deb Fischer | May 2, 2022 | |
| R-IN | Mike Braun | May 10, 2022 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Small Business and Entrepreneurship Committee | Referred Dec 14, 2021 |
Actions 2
Everything that happened, newest first.
- Dec 14, 2021Introduced in Senate
- Dec 14, 2021Read twice and referred to the Committee on Small Business and Entrepreneurship.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3992 | Protecting Access to Credit for Small Businesses Act | Reintroduced Bill | Mar 20, 2024 |
| HR 6037 | To prohibit the Administrator of the Small Business Administration from directly making loans under the 7(a) loan program, and for other purposes. | Related bill | Nov 18, 2021 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to prohibit the Administrator of the Small Business Administration from directly making loans under the 7(a) loan program, and for other purposes.
- Short Title(s) as Introduced
- Protecting Access to Credit for Small Businesses Act
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 1
Each version as it was printed, newest first.
- Dec 14, 2021Introduced in Senate
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.