Pipeline · Bill → Law
Step 1
Introduced
Apr 27, 2023
Step 2
Referred
Apr 27, 2023
Small Business and Entrepreneurship
Step 3
Committee
Jul 19, 2023
Reported out
Step 4
Senate
Jul 25, 2023
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill revises the duties of the Office of Credit Risk Management to include oversight of a certified development company (CDC) that participates in the 504 Loan Program of the Small Business Administration (SBA), and it requires the SBA to issue rules related to certain environmental requirements. The 504 Loan Program provides a small business with SBA financing—through a CDC intermediary—for expansion or modernization. Specifically, the bill requires the office to oversee any CDC that participates in the program and to conduct file reviews with respect to loan closings under the program. Further, the bill authorizes the office to take formal and informal enforcement actions against a C...
Timeline · 5 actions
Jul 25, 2023
Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with an amendment in the nature of a substitute. Without written report.
Jul 25, 2023
Placed on Senate Legislative Calendar under General Orders. Calendar No. 167.
Jul 19, 2023
Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
Apr 27, 2023
Introduced in Senate
Apr 27, 2023
Read twice and referred to the Committee on Small Business and Entrepreneurship.