Legis Daily

SEED Act

USA117th CongressHR-7971| House 
| Updated: 6/7/2022
Linda T. Sánchez

Linda T. Sánchez

Democratic Representative

California

Cosponsors (14)
Karen Bass (Democratic)Shontel M. Brown (Democratic)Juan Vargas (Democratic)Dina Titus (Democratic)Lucille Roybal-Allard (Democratic)Ted Lieu (Democratic)Alan S. Lowenthal (Democratic)Sheila Cherfilus-McCormick (Democratic)Dean Phillips (Democratic)Eleanor Holmes Norton (Democratic)Norma J. Torres (Democratic)Grace F. Napolitano (Democratic)Katie Porter (Democratic)Judy Chu (Democratic)

Small Business Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Supporting Entrepreneurs and Economic Development Act or the SEED Act This bill requires lenders to refer applicants for certain small business loans to a resource partner if the applicant is determined ineligible for a loan under the program. Resource partners, such as small business development centers, provide informational tools and training to support business start-ups and existing business expansion. Lenders and the Small Business Administration must report on the number of resource partner referrals and the Government Accountability Office must periodically report on the rate of such referrals.
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Timeline

Bill from Previous Congress

HR 116-5272
SEED Act
Apr 5, 2022

Latest Companion Bill Action

S 117-3939
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jun 7, 2022
Introduced in House
Jun 7, 2022
Referred to the House Committee on Small Business.
  • Bill from Previous Congress

    HR 116-5272
    SEED Act


  • April 5, 2022

    Latest Companion Bill Action

    S 117-3939
    Committee on Banking, Housing, and Urban Affairs. Hearings held.


  • June 7, 2022
    Introduced in House


  • June 7, 2022
    Referred to the House Committee on Small Business.

Commerce

SEED Act

USA117th CongressHR-7971| House 
| Updated: 6/7/2022
Supporting Entrepreneurs and Economic Development Act or the SEED Act This bill requires lenders to refer applicants for certain small business loans to a resource partner if the applicant is determined ineligible for a loan under the program. Resource partners, such as small business development centers, provide informational tools and training to support business start-ups and existing business expansion. Lenders and the Small Business Administration must report on the number of resource partner referrals and the Government Accountability Office must periodically report on the rate of such referrals.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-5272
SEED Act
Apr 5, 2022

Latest Companion Bill Action

S 117-3939
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jun 7, 2022
Introduced in House
Jun 7, 2022
Referred to the House Committee on Small Business.
  • Bill from Previous Congress

    HR 116-5272
    SEED Act


  • April 5, 2022

    Latest Companion Bill Action

    S 117-3939
    Committee on Banking, Housing, and Urban Affairs. Hearings held.


  • June 7, 2022
    Introduced in House


  • June 7, 2022
    Referred to the House Committee on Small Business.
Linda T. Sánchez

Linda T. Sánchez

Democratic Representative

California

Cosponsors (14)
Karen Bass (Democratic)Shontel M. Brown (Democratic)Juan Vargas (Democratic)Dina Titus (Democratic)Lucille Roybal-Allard (Democratic)Ted Lieu (Democratic)Alan S. Lowenthal (Democratic)Sheila Cherfilus-McCormick (Democratic)Dean Phillips (Democratic)Eleanor Holmes Norton (Democratic)Norma J. Torres (Democratic)Grace F. Napolitano (Democratic)Katie Porter (Democratic)Judy Chu (Democratic)

Small Business Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted