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H.R. 5514

BillFederalHouseIn Committee
Bring the Jobs Home Loan Act of 2014
About This Bill
Committee
Latest Action · September 17, 2014
Referred to the House Committee on Small Business.
Congress
113th (2013–2015)
Introduced
September 17, 2014
Sponsor
Rep. Steve IsraelD
Cosponsors (0)
None
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Summary

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Bring the Jobs Home Loan Act of 2014 - Amends the Small Business Act to direct the Administrator of the Small Business Administration (SBA) to establish a loan program to assist small businesses involved in manufacturing to begin the U.S. production of products that would otherwise be imported. Requires small businesses receiving these loans to report to the Administrator on: (1) facility and equipment changes made using the loans, and (2) progress made in such production. Allows the Administrator to consider the report information in determining whether to provide an additional loan or loan assistance under another SBA program. Prohibits an individual loan greater than 5% of the total amount available for such loans.

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