Summary: S.1901 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for S.1901. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (07/30/2015)

Small Business Access to Capital Act of 2015

Amends the Small Business Jobs Act of 2010 to extend for an additional eight fiscal years the State Small Business Credit Initiative to assist participating states to give collateral support and other innovative credit access and guarantee initiatives for small businesses and manufacturers.

Prescribes allocations of federal funds to participating states.

Authorizes the Department of the Treasury to award, on a competitive basis, up to a total of $1 billion in two tranches, according to specified criteria, to participating states and consortiums of participating states for use: (1) for making federal contributions to, or for the account of, an approved state program; or (2) as collateral for a qualifying loan or swap funding facility.