S.2496 - Help Small Businesses Access Affordable Credit Act114th Congress (2015-2016)
|Sponsor:||Sen. Coons, Christopher A. [D-DE] (Introduced 02/03/2016)|
|Committees:||Senate - Small Business and Entrepreneurship|
|Latest Action:||Senate - 02/03/2016 Read twice and referred to the Committee on Small Business and Entrepreneurship. (All Actions)|
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Summary: S.2496 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in Senate (02/03/2016)
Help Small Businesses Access Affordable Credit Act
This bill amends the Small Business Act to authorize the Small Business Administration (SBA), if demand for commitments for authorized general business loans exceeds the limit on the total amount of commitments the SBA may make for such loans, to make such commitments up to 110% of that limit.
The SBA may not exercise this authority until specified congressional committees have approved.