118th Congress · HOUSE BILLBILL

H.R. 1491 — Small Business Energy Loan Enhancement Act

“To amend the Small Business Investment Act of 1958 to increase the maximum loan amount for certain loans.”

Commerce

Introduced Mar 9, 2023

Last action Mar 9, 2023

Pipeline · Bill → Law

Step 1

Introduced

Mar 9, 2023

Step 2

Referred

Mar 9, 2023

Small Business

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill increases from $5.5 million to $10 million the maximum amount of certain Small Business Administration loans for plant acquisition, construction, conversion, and expansion. Projects eligible for these increased loan amounts must (1) reduce the borrower's energy consumption by at least 10%; or (2) generate renewable energy or renewable fuels, such as biodiesel or ethanol production.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Mar 9, 2023

Introduced in House

Mar 9, 2023

Referred to the House Committee on Small Business.