Legis Daily

Small Business Access to Recovery Capital Act

USA117th CongressS-174| Senate 
| Updated: 2/2/2021
Marco Rubio

Marco Rubio

Republican Senator

Florida

Cosponsors (2)
James E. Risch (Republican)Susan M. Collins (Republican)

Small Business and Entrepreneurship Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Small Business Access to Recovery Capital Act This bill temporarily modifies the 7(a) Loan Guaranty Program of the Small Business Administration (SBA) by waiving borrower and lender fees, increasing the government guarantee to 95%, and increasing the maximum loan value to $10 million. The SBA must issue temporary COVID-19 guidance that reflects these changes.
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Timeline

Bill from Previous Congress

S 116-3551
Small Business Access to Capital Act of 2020

Bill from Previous Congress

S 116-4817
Small Business Access to Recovery Capital Act
Feb 2, 2021
Introduced in Senate
Feb 2, 2021
Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • Bill from Previous Congress

    S 116-3551
    Small Business Access to Capital Act of 2020


  • Bill from Previous Congress

    S 116-4817
    Small Business Access to Recovery Capital Act


  • February 2, 2021
    Introduced in Senate


  • February 2, 2021
    Read twice and referred to the Committee on Small Business and Entrepreneurship.

Commerce

Business investment and capitalCompetitiveness, trade promotion, trade deficitsEconomic performance and conditionsGovernment information and archivesGovernment lending and loan guaranteesSmall businessUser charges and fees

Small Business Access to Recovery Capital Act

USA117th CongressS-174| Senate 
| Updated: 2/2/2021
Small Business Access to Recovery Capital Act This bill temporarily modifies the 7(a) Loan Guaranty Program of the Small Business Administration (SBA) by waiving borrower and lender fees, increasing the government guarantee to 95%, and increasing the maximum loan value to $10 million. The SBA must issue temporary COVID-19 guidance that reflects these changes.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 116-3551
Small Business Access to Capital Act of 2020

Bill from Previous Congress

S 116-4817
Small Business Access to Recovery Capital Act
Feb 2, 2021
Introduced in Senate
Feb 2, 2021
Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • Bill from Previous Congress

    S 116-3551
    Small Business Access to Capital Act of 2020


  • Bill from Previous Congress

    S 116-4817
    Small Business Access to Recovery Capital Act


  • February 2, 2021
    Introduced in Senate


  • February 2, 2021
    Read twice and referred to the Committee on Small Business and Entrepreneurship.
Marco Rubio

Marco Rubio

Republican Senator

Florida

Cosponsors (2)
James E. Risch (Republican)Susan M. Collins (Republican)

Small Business and Entrepreneurship Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalCompetitiveness, trade promotion, trade deficitsEconomic performance and conditionsGovernment information and archivesGovernment lending and loan guaranteesSmall businessUser charges and fees