Small Business Access to Capital Act of 2021
United States117th CongressS-258Senate
Updated: Feb 4, 2021
Summary
Small Business Access to Capital Act of 2021 This bill reauthorizes for an additional eight years the State Small Business Credit Initiative. The initative assists participating states in providing collateral financial support to, and other innovative credit access and guarantee initiatives for, small businesses and manufacturers. The bill prescribes allocations of federal funds to participating states, and it authorizes the Department of the Treasury to award up to $5 billion in two tranches (portions), according to specified criteria, for participating states to (1) make federal contributions to an approved state program, or (2) use as collateral for a qualifying loan or swap funding facility.
Bill texts
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Timeline
Latest companion bill action
HR-5598: Access to Small Business Investor Capital ActReferred to the House Committee on Financial Services.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Senate
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