Legis Daily

LIONs Act of 2025

USA119th CongressHR-1893| House 
| Updated: 3/5/2025
Shri Thanedar

Shri Thanedar

Democratic Representative

Michigan

Cosponsors (9)
Jonathan L. Jackson (Democratic)Darren Soto (Democratic)Mark Alford (Republican)Zachary Nunn (Republican)Janelle S. Bynum (Democratic)Tony Wied (Republican)Josh Harder (Democratic)Eric Sorensen (Democratic)Lori Trahan (Democratic)

Small Business Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This legislation seeks to amend the Small Business Act and the Small Business Investment Act of 1958 to significantly expand financial access for small businesses. Its primary objective is to increase the maximum loan amounts available under two critical Small Business Administration (SBA) programs. Specifically, the bill proposes to double the maximum loan amount for the SBA 7(a) loan program , raising it from the current $5,000,000 gross loan amount to $10,000,000 . Furthermore, it would increase the maximum loan amount for the Development Company (504) loan program , standardizing it to $10,000,000 from its previous limits of $5,000,000 or $5,500,000. These changes aim to provide small businesses with greater capital to support growth, expansion, and job creation.
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Timeline

Bill from Previous Congress

HR 118-9176
LIONs Act of 2024
Mar 5, 2025
Introduced in House
Mar 5, 2025
Referred to the House Committee on Small Business.
Jul 30, 2025

Latest Companion Bill Action

S 119-901
Referred to the Committee on Small Business and Entrepreneurship.
  • Bill from Previous Congress

    HR 118-9176
    LIONs Act of 2024


  • March 5, 2025
    Introduced in House


  • March 5, 2025
    Referred to the House Committee on Small Business.


  • July 30, 2025

    Latest Companion Bill Action

    S 119-901
    Referred to the Committee on Small Business and Entrepreneurship.

Commerce

Related Bills

  • HR 119-4153: Supporting Trade and Rebuilding Opportunity for National Growth Act
  • S 119-901: LIONs Act of 2025

LIONs Act of 2025

USA119th CongressHR-1893| House 
| Updated: 3/5/2025
This legislation seeks to amend the Small Business Act and the Small Business Investment Act of 1958 to significantly expand financial access for small businesses. Its primary objective is to increase the maximum loan amounts available under two critical Small Business Administration (SBA) programs. Specifically, the bill proposes to double the maximum loan amount for the SBA 7(a) loan program , raising it from the current $5,000,000 gross loan amount to $10,000,000 . Furthermore, it would increase the maximum loan amount for the Development Company (504) loan program , standardizing it to $10,000,000 from its previous limits of $5,000,000 or $5,500,000. These changes aim to provide small businesses with greater capital to support growth, expansion, and job creation.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 118-9176
LIONs Act of 2024
Mar 5, 2025
Introduced in House
Mar 5, 2025
Referred to the House Committee on Small Business.
Jul 30, 2025

Latest Companion Bill Action

S 119-901
Referred to the Committee on Small Business and Entrepreneurship.
  • Bill from Previous Congress

    HR 118-9176
    LIONs Act of 2024


  • March 5, 2025
    Introduced in House


  • March 5, 2025
    Referred to the House Committee on Small Business.


  • July 30, 2025

    Latest Companion Bill Action

    S 119-901
    Referred to the Committee on Small Business and Entrepreneurship.
Shri Thanedar

Shri Thanedar

Democratic Representative

Michigan

Cosponsors (9)
Jonathan L. Jackson (Democratic)Darren Soto (Democratic)Mark Alford (Republican)Zachary Nunn (Republican)Janelle S. Bynum (Democratic)Tony Wied (Republican)Josh Harder (Democratic)Eric Sorensen (Democratic)Lori Trahan (Democratic)

Small Business Committee

Commerce

Related Bills

  • HR 119-4153: Supporting Trade and Rebuilding Opportunity for National Growth Act
  • S 119-901: LIONs Act of 2025
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted