[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 901 Reference Change Senate (RCS)]

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119th CONGRESS
  1st Session
                                 S. 901

 To amend the Small Business Act and the Small Business Investment Act 
of 1958 to increase the maximum loan amount for certain loans, and for 
                            other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 6, 2025

  Mr. Tillis introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

                             July 30, 2025

 Committee discharged; referred to the Committee on Small Business and 
                            Entrepreneurship

_______________________________________________________________________

                                 A BILL


 
 To amend the Small Business Act and the Small Business Investment Act 
of 1958 to increase the maximum loan amount for certain loans, and for 
                            other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Loans In Our Neighborhoods Act of 
2025'' or the ``LIONs Act of 2025''.

SEC. 2. MAXIMUM LOAN AMOUNT FOR A 7(A) LOAN.

    Section 7(a)(3)(A) of the Small Business Act (15 U.S.C. 
636(a)(3)(A)) is amended by striking ``$3,750,000 (or if the gross loan 
amount would exceed $5,000,000)'' and inserting ``$7,500,000 (or if the 
gross loan amount would exceed $10,000,000)''.

SEC. 3. MAXIMUM LOAN AMOUNT FOR A DEVELOPMENT COMPANY LOAN.

    Section 502(2)(A) of the Small Business Investment Act of 1958 (15 
U.S.C. 696(2)(A)) is amended--
            (1) by striking ``$5,000,000'' each place it appears and 
        inserting ``$10,000,000''; and
            (2) by striking ``$5,500,000'' each place it appears and 
        inserting ``$10,000,000''.
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