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S. 2496

BillFederalSenateIn Committee
Help Small Businesses Access Affordable Credit Act
About This Bill
Committee
Latest Action · February 3, 2016
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Congress
114th (2015–2017)
Introduced
February 3, 2016
Cosponsors (5)
3D 2R
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Summary

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Help Small Businesses Access Affordable Credit Act This bill amends the Small Business Act to authorize the Small Business Administration (SBA), if demand for commitments for authorized general business loans exceeds the limit on the total amount of commitments the SBA may make for such loans, to make such commitments up to 110% of that limit. The SBA may not exercise this authority until specified congressional committees have approved.

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