[{"_1":2,"_123":-5,"_124":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87,99,111],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":72,"_74":72},"mediaId",6584880,"mediaKeyId","5448240-2fa9ebbec35eca5f8ed822fcd3aa82a6","parentId",5448240,"title","House Small Business Committee backs HR 2066 to steer more SBIC capital to rural, manufacturing and security-related firms","audioSeconds",4021,"startMs",1549000,"endMs",5570000,"viewUrl","/Search/View?dp=1&key=5448240-2fa9ebbec35eca5f8ed822fcd3aa82a6&start=1549&end=5570","thumbnailUrl","https://assets.pipeline.soar.com/5448240-2fa9ebbec35eca5f8ed822fcd3aa82a6/thumbnail_1549000.jpg","articleUrl","/articles/6584880/House-Small-Business-Committee-backs-HR-2066-to-steer-more-SBIC-capital-to-rural-manufacturing-and-security-related-firms","mediaUrl","https://secure.pipeline.soar.com/6584880-81f74453542ea7e1afbd7ea346daaef2/orig.mp4?Expires=1775999619&Signature=kcUnb20iYbaBmOzn5pO~1whYAtIyVTABVqCQb5bPY8SiuvX0glQY2TSJmet61hU3oFuEGXenvK0GGIqCf73QepFPqP-cI7WSHMvfCu2t8r5HEBUoAf4t~OZLi37-Duv4ILvgkMJI~WUBCRipDdnTV5u-xLlo1KWNDc4k6LvGxM-ebuZ0oztp8g2s24EQeE0OfwOSOaU1zEVQh9kvB7choUkK~Iw4-IjU0HQd3iXN5t2AsPr4Ra~G~Gi5xNuln36v220~9o4vHPnhrKjoO7UsHbf7q0~eSRBQBgyWtTExT1BBAVbLFeYMFodQr5Kxrc13yZ2~xoF4ULOZ0UCNz81hLA__&Key-Pair-Id=KUT5TJCACFTXG","author","U.S. House Committee on Small Business","date","2025-07-22T15:34:03.223Z","article","The House Committee on Small Business voted to report HR 2,066, the Investing in All of America Act of 2025, favorably after adopting an amendment in the nature of a substitute. The committee adopted the substitute and later, when resumed, recorded a roll call showing 23 ayes and 0 noes on the final disposition to report the bill favorably to the House.

Representative Muser, sponsor of HR 2,066, said the bill \"would incentivize small business investment companies, SBICs, to deploy additional capital to small businesses located in rural or low income areas, as well as small businesses in manufacturing and national security technology sectors.\" He described SBICs as \"privately owned and managed investment funds that are licensed and regulated by the SBA\" that pair private capital with SBA‑guaranteed leverage.

The bill, as explained by Muser and cosponsor Representative Colton, excludes certain amounts of leverage invested in qualifying rural, low‑income, manufacturing or national security‑related small businesses from an individual SBIC's leverage cap, a change intended to encourage private investment in underserved communities and critical manufacturing sectors. Colton noted that \"less than 20% of small business investment companies' funds are reaching these communities,\" arguing the change would help close that gap.

Ranking Member Velasquez described the bill as statutory improvements that provide SBICs with access to additional leverage for investments in capital‑intensive, early‑revenue technology firms and said the change would better match SBIC capacity to the needs of small critical‑technology firms. Committee members described the measure as not requiring new spending and designed to allow the SBIC program to continue operating at no net subsidy to taxpayers.

Procedure and votes: the committee first adopted an amendment in the nature of a substitute; a recorded roll‑call vote was requested and deferred under Committee Rule 13 and House Rule 11. When the committee resumed consideration later in the day, the clerk reported the final vote on HR 2,066 as 23 ayes and 0 noes, and the motion to report the bill favorably was agreed to.

Clarifying details discussed during the markup included committee statements that over the past two decades SBIC‑backed businesses have created roughly 3,000,000 new jobs and supported an additional \"10 and a half million\" jobs, and that SBICs had invested \"over $130,000,000,000\" in recent years (transcript figures). Members emphasized that the bill would not change the program's subsidy posture, which committee speakers described as operating at \"0 subsidy cost to the American taxpayer.\"","mediaType","Video","parentTitle","Full Committee Markup","oneSentenceSummary","The House Committee on Small Business voted to report HR 2,066, the Investing in All of America Act of 2025, favorably after adopting a substitute amendment.","taxTitle","Small Business: House Committee, Standing Committees - House & Senate, Congressional Hearings Compilation, Legislative, Federal","taxId",1829,"location","","headline","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":72,"_73":72,"_74":72},6584861,"Committee approves HR 3174 to raise SBA loan caps for small manufacturers, ranking member urges caution",549,3741000,4290000,"/Search/View?dp=1&key=5448240-2fa9ebbec35eca5f8ed822fcd3aa82a6&start=3741&end=4290","https://assets.pipeline.soar.com/5448240-2fa9ebbec35eca5f8ed822fcd3aa82a6/thumbnail_3741000.jpg","/articles/6584861/Committee-approves-HR-3174-to-raise-SBA-loan-caps-for-small-manufacturers-ranking-member-urges-caution","https://secure.pipeline.soar.com/6584861-df1ed3f554a0486d8cd8f5273898a5b9/orig.mp4?Expires=1775999619&Signature=FDCQ~fokvOTtjP8ifut3NCEJ14iyo-8fOXB7qYPEjWXxTScn25Crek19je8NEOfcd8~26~eWRxggodhisdbT48ZwdjHcgeNWVcN1aKj5O3hC4sHJH6Dwa7ZcxRSO5wH9il8aLgQjd0jBNAkd5rI1hDz2gA6Zx~NXWx9EDfk4kSCOBrfPMJzBOAVp6zRd6I0a~vkRuQS~16mAG7Jw9hvLKfFIiklUrg2VH5Ut2m16Ogug5hExytMhF6Er1EUyfSgwSbJwGfyNIY8Hw7msBOOBzjpIvE2-1fTZU4gk-gNGHM6EPY1eDMym4KeiLr9AmibxCoQEVCZmPEixmeruFLwaYg__&Key-Pair-Id=KUT5TJCACFTXG","The House Committee on Small Business voted to report HR 3,174, the Made in America Manufacturing Finance Act (MAMFA), after adopting an amendment in the nature of a substitute. The bill would increase SBA loan limits for small manufacturers under the 7(a) and 504 programs from $5,000,000 to $10,000,000, according to statements during the markup.

Chairman Williams (substituted by the presiding member) described the bill as intended to provide manufacturers the capital needed to invest in new technology, hire and reshore jobs, saying the ability to manufacture in the United States \"is vital to our country's economic and national security.\" He said supporters modeled fee‑and‑default impacts and that SBA modeling indicated the 7(a) fee structure would preserve the program's zero‑subsidy posture.

The committee's ranking member raised reservations and asked for more evidence before increasing loan limits, citing recent data showing higher demand for small manufacturing loans under $1,000,000 and relatively few loans over $3,000,000 since 2023. The ranking member noted rising default rates over the last three years, currently cited at about 3.7%, and warned that higher limits could lead to disproportionate use of lending authority and threaten the program's ability to remain 0 subsidy unless paired with increased appropriations.

Procedure and vote: committee members adopted the substitute amendment and voted to report HR 3,174 favorably to the House. The committee put a roll call on the record and later, when proceedings resumed, reported that the amendment and the bill as amended were adopted and the bill would be reported favorably to the House.

Members agreed to continue negotiations between the chair and ranking member to refine aspects of the bill, and several speakers said they were committed to further briefings with SBA to ensure the increase is implemented responsibly.","HR 3,174, the Made in America Manufacturing Finance Act, which raises SBA loan limits for small manufacturers, was reported favorably by the committee after debate about default rates and demand; the committee adopted a substitute and reported the bill to the House.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":72,"_73":72,"_74":72},6584866,"Committee requires SBA to implement GAO IT recommendations in HR 4491 and to brief Congress",2334,3360000,5694000,"/Search/View?dp=1&key=5448240-2fa9ebbec35eca5f8ed822fcd3aa82a6&start=3360&end=5694","https://assets.pipeline.soar.com/5448240-2fa9ebbec35eca5f8ed822fcd3aa82a6/thumbnail_3360000.jpg","/articles/6584866/Committee-requires-SBA-to-implement-GAO-IT-recommendations-in-HR-4491-and-to-brief-Congress","https://secure.pipeline.soar.com/6584866-f2608c280b37af3ed42091c7381202c5/orig.mp4?Expires=1775999619&Signature=XmsGIvedODgNsz5a9sKspUJsOemcWMdTbjglf9U3xE-5xyOr0I6m6I1yDwXEAE872vAZIcTClZRmvpJPIGWP8UOXjjiCEN5yjuUDomw2Ucz7a4kjsJOFBrkWLCHRwkgjd8ghLOS8AmI-P1SQ9Af7LUEXrUnfY~ceHoxhEVQH0l1N-GEkKpENJqENs9kqwBXrPuS2MJG1v0Ry76mfyqEncNRQ94dXEh3vjXjmvSjexAEQoV9T9g4GQsQMZ48lFSOPBPx9uJIPkxIEi3MQnIlH73K0GxXmtIZMvp~bOQv-tiDeAA5GgV9abW4hq-aWqlr1GU1sfITvArU7CA1Ga6KOTA__&Key-Pair-Id=KUT5TJCACFTXG","The House Committee on Small Business voted to report HR 4,491, the SBA IT Modernization Reporting Act, after sponsors said the bill requires the Small Business Administration to implement 11 recommendations from the Government Accountability Office (GAO) and to provide Congress with an implementation plan and briefings.

Representative Cisneros, sponsor of HR 4,491, said the GAO identified \"critical gaps\" in the SBA's modernization efforts, including risk management, cybersecurity and budgeting, and that the bill would require the SBA Administrator to adopt GAO's 11 recommendations and provide an implementation plan and timeline to Congress.

Ranking Member and other speakers emphasized the need for a reliable, secure IT platform to serve small businesses — including a unified certification platform for contracting certifications — and praised the bill's balance of agency flexibility and congressional oversight. Committee members said the measure would promote best practices in IT modernization to avoid costly failures and protect small businesses' data.

Procedure and vote: the committee agreed to report HR 4,491 favorably; a roll call was requested and postponed under committee rule 13 and House rule 11. When the committee resumed, the clerk reported the vote as 23 ayes and 0 noes and the bill was ordered favorably to the House.

Speakers discussed that contracts are awarded to small businesses every year and that an efficient IT platform is critical for small business participation in federal contracting; the bill was framed as bipartisan and designed to strengthen oversight and execution of future SBA IT projects.","HR 4,491 would require the Small Business Administration to implement 11 GAO recommendations for future IT modernization projects and to brief Congress on implementation; the committee voted to report the bill favorably (23‑0).",{"_33":100,"_35":36,"_37":38,"_39":101,"_41":102,"_43":103,"_45":104,"_47":105,"_49":106,"_51":107,"_53":108,"_55":56,"_57":58,"_59":109,"_61":62,"_63":64,"_65":110,"_67":68,"_69":70,"_71":72,"_73":72,"_74":72},6584871,"Committee approves extension of fraud statute of limitations for two COVID‑era SBA programs (HR 4495)",3030,2624000,5654000,"/Search/View?dp=1&key=5448240-2fa9ebbec35eca5f8ed822fcd3aa82a6&start=2624&end=5654","https://assets.pipeline.soar.com/5448240-2fa9ebbec35eca5f8ed822fcd3aa82a6/thumbnail_2624000.jpg","/articles/6584871/Committee-approves-extension-of-fraud-statute-of-limitations-for-two-COVIDera-SBA-programs-HR-4495","https://secure.pipeline.soar.com/6584871-fdfb721974924fd3f7450cc55e70d2fd/orig.mp4?Expires=1775999619&Signature=GPdNZYGKK8YXqhykU4Wjd2jKK76E2UNzn8Zv6KLev6ebW0~RNecJbJ7paQCt2-Y32Nxdc2XZhkbSNUrES4LbQafj1PRFXwuEUw~oCx6Kp9UtG-aKcNYEjAmR2pmllaAK0LlRFEUnBHsPmssTnRAu9QEGc2-iWz7jQD6dk-3Jd~ANyQUgyGMqvtYU1ypqzMbWpfN3yqTnorGe2z50cMuoxVioZzHK-eYHqaejMmpgl0MbvCQrRF8oZ4j2p9g7bhviZdSiDiRh8-ML3jWXiCi7nF~q-sCxhG80hf6CgXaQ~5Ml02y-qdzUYeQgRuPRdCl6eWLsZTjsEbTdGZDoy4RkYA__&Key-Pair-Id=KUT5TJCACFTXG","The House Committee on Small Business voted to report HR 4,495, the SBA Fraud Enforcement Extension Act, which would extend the statute of limitations for fraud relating to two pandemic‑era SBA programs — the Restaurant Revitalization Fund (RRF) and the Shuttered Venue Operators Grant (SVOG) — from five to ten years.

Sponsor Representative Downing said the measure is necessary because the programs distributed large sums during the COVID‑19 pandemic and \"if Congress doesn't act, law enforcement will not be able to investigate and prosecute these crimes.\" Downing said SBA administered \"over $1,200,000,000,000 in emergency loans and grants\" during the pandemic and described substantial fraud in some programs.

Representative Conaway (co‑lead) emphasized law enforcement needs time to pursue complex fraud cases and cited Office of Inspector General (OIG) activity: committee remarks referenced OIG investigations and reported recoveries and convictions. Members described that OIG activity had led to charges against multiple individuals, criminal convictions, and tens of millions in recoveries during ongoing investigations.

Clarifying financial figures stated during the markup: speakers said SBA deployed roughly $1.2 trillion in emergency relief during the pandemic, that the Restaurant Revitalization Fund distributed nearly $29,000,000,000, and that SVOG disbursed roughly $15,000,000,000 (transcript numbers adjusted to published program totals). Sponsors argued that extending the statute of limitations to 10 years would align RRF and SVOG with other pandemic‑era programs such as the Paycheck Protection Program (PPP) in investigative timeframes.

Procedure and votes: the committee agreed to report HR 4,495 favorably. A roll call was requested and postponed; when the committee resumed, the clerk reported a roll call of 23 ayes and 0 noes and the motion to report the bill favorably was adopted.

Members also discussed oversight and resource needs: several speakers said extending the statute of limitations is necessary but must be paired with sufficient funding and staff to allow the SBA OIG and other enforcement authorities to investigate and pursue recoveries.","HR 4,495 would extend the statute of limitations for fraud involving the Restaurant Revitalization Fund and the Shuttered Venue Operators Grant from five to ten years; the committee voted to report the bill favorably, later recorded 23‑0.",{"_33":112,"_35":36,"_37":38,"_39":113,"_41":114,"_43":115,"_45":116,"_47":117,"_49":118,"_51":119,"_53":120,"_55":56,"_57":58,"_59":121,"_61":62,"_63":64,"_65":122,"_67":68,"_69":70,"_71":72,"_73":72,"_74":72},6584875,"Committee codifies and strengthens SBA Office of Rural Affairs in HR 4549, sends bill to House unanimously",3443,2169000,5612000,"/Search/View?dp=1&key=5448240-2fa9ebbec35eca5f8ed822fcd3aa82a6&start=2169&end=5612","https://assets.pipeline.soar.com/5448240-2fa9ebbec35eca5f8ed822fcd3aa82a6/thumbnail_2169000.jpg","/articles/6584875/Committee-codifies-and-strengthens-SBA-Office-of-Rural-Affairs-in-HR-4549-sends-bill-to-House-unanimously","https://secure.pipeline.soar.com/6584875-e8dc9729a607a6c9a6c44e359c887b05/orig.mp4?Expires=1775999619&Signature=DFVI6r156Ep5ORg-v7Hz729z3ZqopbGlLNJd3FrnQ5N7jMewoYITz4vcV~3n5Oy0Ll7SNprwk387Z03eZzfw-VyoRSM08gehCRp6-1rGPpD7PC0CwB-x8L932nabh8PzXGLD6ecCQ7OHKrZNpdPJjeXisgW-y1zULGG~j8gjG0t0q~VfgfuLjfz82Gb5HOM0PuCMB5vUGPauhc-e9qFYDQ2oFu8vCtecux3kJQ3X9RlmgdEbgDVHeGLhekirvdQGtRI4v0VZXEhhdFohQQRa-LbLMyfGusvHByuFCsNuZrGZxzh0g0ObE3yZHQESByu4DPScuWTXYX8iogjvCFNPFw__&Key-Pair-Id=KUT5TJCACFTXG","The House Committee on Small Business voted to report HR 4,549, the Office of Rural Affairs Enhancement Act, to the full House after members described the bill as a bipartisan effort to improve SBA outreach and services for rural small businesses.

Sponsor Representative Goodlander said the bill \"is about accountability\" for the Office of Rural Affairs, which she described as historically \"chronically understaffed and under resourced.\" Goodlander said the measure would elevate the office by requiring an assistant‑administrator‑level leader, mandate annual reporting to Congress, and require regular outreach events to make SBA programs more accessible to rural entrepreneurs.

Ranking Member Velasquez and other members argued the legislation would codify an advocate for rural entrepreneurs within SBA and pointed to disparities in lending: committee remarks cited that, in fiscal year 2025, \"only 16% of 7(a) loans and 13% of 504 loans\" went to rural areas. Supporters said the bill aims to close persistent gaps in resources and lending for rural businesses.

Procedure and vote: after discussion, the committee agreed to report HR 4,549 favorably. A recorded roll call was requested and postponed under committee rule 13 and House rule 11; when the committee resumed consideration the clerk reported the later roll call as 23 ayes and 0 noes and the motion to report the bill favorably was agreed to.

Clarifying details discussed included the bill's requirements for leadership experience in rural economic development, annual congressional reporting, and mandatory outreach webinars and events. Members stressed that the measure seeks to ensure the Office of Rural Affairs \"is meeting small businesses in rural America precisely where they are.\"","HR 4,549, the Office of Rural Affairs Enhancement Act, would elevate and strengthen the SBA office that focuses on rural entrepreneurs by requiring an assistant‑administrator level leader, regular outreach and annual reporting; the committee voted to report the bill favorably, 23‑0.","actionData","errors"]

Article not found

House Small Business Committee backs HR 2066 to steer more SBIC capital to rural, manufacturing and security-related firms

Committee approves HR 3174 to raise SBA loan caps for small manufacturers, ranking member urges caution

Committee requires SBA to implement GAO IT recommendations in HR 4491 and to brief Congress

Committee approves extension of fraud statute of limitations for two COVID‑era SBA programs (HR 4495)

Committee codifies and strengthens SBA Office of Rural Affairs in HR 4549, sends bill to House unanimously