Legis Daily

Made in America Manufacturing Finance Act of 2025

USA119th CongressS-1555| Senate 
| Updated: 3/11/2026
Joni Ernst

Joni Ernst

Republican Senator

Iowa

Cosponsors (4)
Christopher A. Coons (Democratic)Todd Young (Republican)John W. Hickenlooper (Democratic)Jon Husted (Republican)

Small Business and Entrepreneurship Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill, titled the "Made in America Manufacturing Finance Act of 2025," aims to bolster domestic manufacturing by substantially increasing the maximum loan amounts available to small manufacturers through federal programs. It specifically defines a "small manufacturer" as a small business primarily engaged in manufacturing (NAICS sectors 31, 32, or 33) with all production facilities located within the United States. This targeted approach seeks to support American-based production and job creation. The legislation amends both the Small Business Act and the Small Business Investment Act of 1958 to implement these higher limits. Under Section 7(a) of the Small Business Act, general loan limits for small manufacturers are raised from $3,750,000 to $7,500,000, with gross loan amounts potentially reaching $10,000,000. Similarly, export loan limits for these businesses are increased to $10,000,000, up from $5,000,000. Furthermore, the bill raises the loan limit under Section 502(2)(A)(iii) of the Small Business Investment Act from $5,500,000 to $10,000,000 for small manufacturers. To ensure accountability and assess impact, the bill mandates two types of reports. The SBA Inspector General must analyze the projected default rates and potential risks of these increased loan limits within two years of enactment. Additionally, the SBA Administrator is required to submit annual reports for five years, detailing the job creation and retention resulting from these larger loans to small manufacturers, providing a crucial assessment of the program's effectiveness in supporting employment.

Bill Text Versions

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2 versions available

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Timeline
May 1, 2025
Introduced in Senate
May 1, 2025
Read twice and referred to the Committee on Small Business and Entrepreneurship.
May 14, 2025
Committee on Small Business and Entrepreneurship. Hearings held.
May 21, 2025
Committee on Small Business and Entrepreneurship. Hearings held.
Jul 16, 2025
Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
Jul 29, 2025
Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.
Jul 29, 2025
Placed on Senate Legislative Calendar under General Orders. Calendar No. 130.
Sep 17, 2025
Committee on Small Business and Entrepreneurship. Hearings held.
Dec 4, 2025

Latest Companion Bill Action

HR 119-3174
Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 283.
Jan 14, 2026
Committee on Small Business and Entrepreneurship. Hearings held.
Mar 11, 2026
Committee on Small Business and Entrepreneurship. Hearings held.
  • May 1, 2025
    Introduced in Senate


  • May 1, 2025
    Read twice and referred to the Committee on Small Business and Entrepreneurship.


  • May 14, 2025
    Committee on Small Business and Entrepreneurship. Hearings held.


  • May 21, 2025
    Committee on Small Business and Entrepreneurship. Hearings held.


  • July 16, 2025
    Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.


  • July 29, 2025
    Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.


  • July 29, 2025
    Placed on Senate Legislative Calendar under General Orders. Calendar No. 130.


  • September 17, 2025
    Committee on Small Business and Entrepreneurship. Hearings held.


  • December 4, 2025

    Latest Companion Bill Action

    HR 119-3174
    Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 283.


  • January 14, 2026
    Committee on Small Business and Entrepreneurship. Hearings held.


  • March 11, 2026
    Committee on Small Business and Entrepreneurship. Hearings held.

Commerce

Related Bills

  • HR 119-3174: Made in America Manufacturing Finance Act
Government lending and loan guaranteesManufacturingSmall business

Made in America Manufacturing Finance Act of 2025

USA119th CongressS-1555| Senate 
| Updated: 3/11/2026
This bill, titled the "Made in America Manufacturing Finance Act of 2025," aims to bolster domestic manufacturing by substantially increasing the maximum loan amounts available to small manufacturers through federal programs. It specifically defines a "small manufacturer" as a small business primarily engaged in manufacturing (NAICS sectors 31, 32, or 33) with all production facilities located within the United States. This targeted approach seeks to support American-based production and job creation. The legislation amends both the Small Business Act and the Small Business Investment Act of 1958 to implement these higher limits. Under Section 7(a) of the Small Business Act, general loan limits for small manufacturers are raised from $3,750,000 to $7,500,000, with gross loan amounts potentially reaching $10,000,000. Similarly, export loan limits for these businesses are increased to $10,000,000, up from $5,000,000. Furthermore, the bill raises the loan limit under Section 502(2)(A)(iii) of the Small Business Investment Act from $5,500,000 to $10,000,000 for small manufacturers. To ensure accountability and assess impact, the bill mandates two types of reports. The SBA Inspector General must analyze the projected default rates and potential risks of these increased loan limits within two years of enactment. Additionally, the SBA Administrator is required to submit annual reports for five years, detailing the job creation and retention resulting from these larger loans to small manufacturers, providing a crucial assessment of the program's effectiveness in supporting employment.

Bill Text Versions

View Text
2 versions available

Suggested Questions

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

Timeline
May 1, 2025
Introduced in Senate
May 1, 2025
Read twice and referred to the Committee on Small Business and Entrepreneurship.
May 14, 2025
Committee on Small Business and Entrepreneurship. Hearings held.
May 21, 2025
Committee on Small Business and Entrepreneurship. Hearings held.
Jul 16, 2025
Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
Jul 29, 2025
Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.
Jul 29, 2025
Placed on Senate Legislative Calendar under General Orders. Calendar No. 130.
Sep 17, 2025
Committee on Small Business and Entrepreneurship. Hearings held.
Dec 4, 2025

Latest Companion Bill Action

HR 119-3174
Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 283.
Jan 14, 2026
Committee on Small Business and Entrepreneurship. Hearings held.
Mar 11, 2026
Committee on Small Business and Entrepreneurship. Hearings held.
  • May 1, 2025
    Introduced in Senate


  • May 1, 2025
    Read twice and referred to the Committee on Small Business and Entrepreneurship.


  • May 14, 2025
    Committee on Small Business and Entrepreneurship. Hearings held.


  • May 21, 2025
    Committee on Small Business and Entrepreneurship. Hearings held.


  • July 16, 2025
    Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.


  • July 29, 2025
    Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.


  • July 29, 2025
    Placed on Senate Legislative Calendar under General Orders. Calendar No. 130.


  • September 17, 2025
    Committee on Small Business and Entrepreneurship. Hearings held.


  • December 4, 2025

    Latest Companion Bill Action

    HR 119-3174
    Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 283.


  • January 14, 2026
    Committee on Small Business and Entrepreneurship. Hearings held.


  • March 11, 2026
    Committee on Small Business and Entrepreneurship. Hearings held.
Joni Ernst

Joni Ernst

Republican Senator

Iowa

Cosponsors (4)
Christopher A. Coons (Democratic)Todd Young (Republican)John W. Hickenlooper (Democratic)Jon Husted (Republican)

Small Business and Entrepreneurship Committee

Commerce

Related Bills

  • HR 119-3174: Made in America Manufacturing Finance Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Government lending and loan guaranteesManufacturingSmall business