SENATE 258117th CongressSubmitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S3931; text: CR S3935)

A resolution expressing the sense of the Senate regarding the life and work of Senator John W. Warner.

Last Action: 5/28/2021

Actions

2021-02-04Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2021-02-04Introduced in Senate

CRS Summary

As of 2021-02-04 (00)

Small Business Access to Capital Act of 2021

This bill reauthorizes for an additional eight years the State Small Business Credit Initiative.

The initative assists participating states in providing collateral financial support to, and other innovative credit access and guarantee initiatives for, small businesses and manufacturers.

The bill prescribes allocations of federal funds to participating states, and it authorizes the Department of the Treasury to award up to $5 billion in two tranches (portions), according to specified criteria, for participating states to (1) make federal contributions to an approved state program, or (2) use as collateral for a qualifying loan or swap funding facility.

Cosponsors (2)

Debbie Stabenow (D-MI)
Christopher Coons (D-DE)

Subjects

Appropriations
Business investment and capital
Credit and credit markets
Government lending and loan guarantees
Manufacturing
Small business
State and local finance

Read on Congress.gov

Sourced from Congress.gov (public domain).

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