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H.R. 6975

BillFederalHouseIn Committee
To amend the Small Business Act to establish a rural manufacturing forgivable loan program, and for other purposes.
About This Bill
Committee
Latest Action · March 8, 2022
Referred to the House Committee on Small Business.
Congress
117th (2021–2023)
Introduced
March 8, 2022
Cosponsors (5)
2D 3R
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Summary

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Rural Investment in America Act This bill authorizes the Small Business Administration to make loans for certain costs to businesses that manufacture goods essential to critical infrastructure sectors in rural areas. Businesses that meet at least 75% of their job creation goals under such loans may receive partial loan forgiveness.

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