Docket
118th Congress · HOUSE BILLBILL

H.R. 414 — Investing in Rural Manufacturing Act

“To amend the Small Business Act to establish a rural manufacturing forgivable loan program, and for other purposes.”

Commerce
Introduced Jan 20, 2023
Last action Jan 20, 2023
Pipeline · Bill → Law
Step 1
Introduced
Jan 20, 2023
Step 2
Referred
Jan 20, 2023
Appropriations · Small Business
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

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.

Provisions · 2 sectionsIntroduced in House
Timeline · 3 actions
Jan 20, 2023
Introduced in House
Jan 20, 2023
Referred to the Committee on Small Business, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 20, 2023
Referred to the Committee on Small Business, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.