| Bill | HR 4844 |
|---|---|
| Type of Legislation | House Bill |
| Congress | 117 |
| Status | Archived — 117th Congress concluded |
| Source | View original on Congress.gov |
Geographic Scope
National
Description
504 Program Level Flexibility Act
This bill authorizes the Small Business Administration (SBA), upon a determination that the amount of its commitments to guarantee 504 loans could exceed the authorized limit, to guarantee up to 115% of that limit. Such loans, made through SBA community partners and certified by the SBA, provide long-term, fixed rate financing for major fixed assets that promote business growth and job creation.
Bill Title
504 Program Level Flexibility Act
Linked Goals
Steps
- 2021-07-29: Referred to the House Committee on Small Business.
- 2021-07-29: Introduced in House
- 2021-07-29: Introduced in House
Projected Outcome
A more informed proposal or public response aligned with the Promote General Welfare goal.