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Small Business Energy Loan Enhancement Act

In committee: it can still change before the session ends.

US HR 2831 · House Bill · 119th Congress

Stage
In committee
Started in
House
Sponsors
43
Latest action
Apr 10, 2025

What it does

The Small Business Energy Loan Enhancement Act would amend the Small Business Investment Act of 1958 to double the maximum loan amount for certain small business loans from $5.5 million to $10 million, specifically targeting loans under clauses (iv) and (v) of Section 502(2)(A). This change would affect small businesses seeking financing through the Small Business Administration’s investment programs, particularly those related to energy initiatives. The bill also requires the SBA Administrator to submit an annual report to Congress detailing the industries and geographic areas receiving these enhanced loans, beginning one year after enactment.

No official summary is available here. This one was written by AI from the bill’s text.

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Where it stands

  1. Introduced (Done)

    Apr 10, 2025

  2. Committee (Current step)

    In committee · Apr 10, 2025

  3. Floor (Not started)

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

Small Business Energy Loan Enhancement Act | 52