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504 Modernization and Small Manufacturer Enhancement Act of 2020
Legislative Progress
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
89pct
87d open
vs 9,062 other HR bills in the 116th — cohort avg 39d
504 Modernization and Small Manufacturer Enhancement Act of 2020 This bill modifies the Small Business Administration (SBA) 504 Loan Program, which provides a small business with SBA financing—through a certified development company (CDC) intermediary—for expansion or modernization. Specifically, the bill adds policy goals, at least one of which a CDC must demonstrate to be eligible for assistance. These include (1) enhancing the ability of a small business to reduce costs by using energy efficient products and generating renewable energy, and (2) aiding the revitalization of any area for which a disaster has been declared or determined. The bill also authorizes a CDC to take specified actions to facilitate the closing of a 504 loan, such as correcting borrower or lender information on loan documents or reallocating up to 10% of the cost of a project, and it establishes an express loan closing program for a 504 loan that is less than $500,000. Further, the bill authorizes a CDC to refinance up to 100% of costs for expansion projects, and it establishes specified requirements for refinancing projects that do not involve expansion. The bill also modifies the requirements for projects to construct a new facility or to acquire, renoavate, or reconstruct an existing building. For small manufacturers, the bill (1) increases the maximum loan amount from $5.5 million to $6.5 million, (2) reduces the amount that they must contribute to project costs, (3) increases job retention requirements, and (4) revises collateral requirements. Further, each SBA district office must partner with a resource partner to provide certain training for small manufacturers.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (3)
2020 · fourth_quarter · Small Business
Include SBA 504 loan provisions in the covid-19 relief legislation - to ensure that Certified Development Companies (CDCs) had tool to support small businesses during the economic slowdown caused by the pandemic. HR 6800 - HEALTH AND ECONOMIC RECOVERY OMNIBUS EMERGENCY SOLUTIONS ACT - HEROES Act HR 8211 - 504 Modernization and Small Manufacturer Enhancement Act of 2020 HR 8199- 504 Credit Risk Management Improvement Act of 2020 HR 8376/ S.4676 Small Business Debt Relief Extension Act of 2020 FY 2021 Omnibus and COVID Relief and Response Act (PL 116-260)
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6072-6075)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H6072-6075)
DEBATE - The House proceeded with forty minutes of debate on H.R. 8211.
Considered under suspension of the rules. (consideration: CR H6072-6076)
Ms. Velazquez moved to suspend the rules and pass the bill, as amended.
Ordered to be Reported (Amended) by Voice Vote.
Committee Consideration and Mark-up Session Held.
Referred to the House Committee on Small Business.
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · fourth_quarter · Small Business
Food and Consumer Product Supply Chain Disruptions for Small Businesses Paycheck Protection Program HR 7010, Paycheck Protection Program Flexibility Act H.R.133, Consolidated Appropriations Act, 2021 H.R.8211, 504 Modernization and Small Manufacturer Enhancement Act of 2020 SNAP online purchasing and federal nutrition programs
Client expense: $197,171 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Executive Office of the President (EOP), Federal Motor Carrier Safety Administration, Federal Reserve System, Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2020 · fourth_quarter · Small Business
HR 8211 -504 Modernization and Small Manufacturer Enhancement Act of 2020 HR 8199 - 504 Credit Risk Management Improvement Act of 2020 HR 8376/ S. 4676 Small Business Debt Relief Extension Act of 2020 SBA Lender Oversight SBA Loan Policy Changes SBA Financial Programs Operations S. 4676 Small Business Debt Relief Extension Act of 2020 HR 8376 Small Business Debt Relief Extension Act of 2020 HR 6800 HEALTH AND ECONOMIC RECOVERY OMNIBUS EMERGENCY SOLUTIONS ACT - HEROES Act FY 2021 FSGG Appropriations - HR 8337 Continuing Appropriation Act 2021 (CR)
Client expense: $65,437 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Small Business Administration (SBA)
2020 · third_quarter · Small Business
Include SBA 504 loan provisions in the covid-19 relief legislation - to ensure that Certified Development Companies (CDCs) had tool to support small businesses during the economic slowdown caused by the pandemic. HR 6800 - HEALTH AND ECONOMIC RECOVERY OMNIBUS EMERGENCY SOLUTIONS ACT - HEROES Act HR 8211 - 504 Modernization and Small Manufacturer Enhancement Act of 2020 HR 8199- 504 Credit Risk Management Improvement Act of 2020 HR 8376/ S.4676 Small Business Debt Relief Extension Act of 2020
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · third_quarter · Small Business
FY 2021 FSGG Appropriations - HR 8337 Continuing Appropriation Act 2021 (CR) SBA Lender Oversight SBA Loan Policy Changes SBA Financial Programs Operations HR 6800 HEALTH AND ECONOMIC RECOVERY OMNIBUS EMERGENCY SOLUTIONS ACT - HEROES Act HR 8211 -504 Modernization and Small Manufacturer Enhancement Act of 2020 HR 8199 - 504 Credit Risk Management Improvement Act of 2020 HR 8376/ S. 4676 Small Business Debt Relief Extension Act of 2020
Client expense: $59,531 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Small Business Administration (SBA)
Introduced in House
Congress.gov source codes: 1000, Intro-H