Proposal:504 Loan Availability Act

This proposal is archived and closed to further debate. It was introduced in the 117th Congress, which has concluded, and the bill was not enacted into law.

Bill	S 5057
Type of Legislation	Senate Bill
Congress	117
Status	Archived — 117th Congress concluded
Source	View original on Congress.gov

Geographic Scope

National

Description

504 Loan Availability Act

This bill temporarily combines the funding authorization for loans and refinancing loans under the Small Business Administration 504 loan program. The 504 loan program provides financing for major fixed assets through community-based Certified Development Companies (CDCs).

Bill Title

504 Loan Availability Act

Linked Goals

• Goal:Promote General Welfare

Steps

• 2022-09-29: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
• 2022-09-29: Introduced in Senate

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.