Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee approves HR 3174 to raise SBA loan caps for small manufacturers, ranking member urges caution
Summary
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.
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…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
