Allows the SBA to increase the cap on general business loans once per fiscal year.
Amended in committee.
Original sponsor: Rep. Chabot, Steve [R-OH-1]
Cosponsors: Rep. Velazquez, Nydia M. [D-NY-7], Rep. Marshall, Roger W. [R-KS-1], Rep. Gonzalez-Colon, Jenniffer [R-PR-At Large], Rep. Radewagen, Aumua Amata Coleman [R-AS-At Large], Rep. Chu, Judy [D-CA-27], Rep. Murphy, Stephanie N. [D-FL-7], Rep. Espaillat, Adriano [D-NY-13], Rep. Evans, Dwight [D-PA-2], Rep. Clarke, Yvette D. [D-NY-9], Rep. Norman, Ralph [R-SC-5], Rep. Lawson, Al, Jr. [D-FL-5]
Passed House by voice vote.
Passed Senate by unanimous consent.
Related bill: S 2283 (Related bill; did not pass the Senate)