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).
To amend the Small Business Investment Act of 1958 to modify fees and 
   funding for certain small business refinancing loans and loans to 
qualified State or local development companies, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``504 Loan Availability Act''.

SEC. 2. MODIFICATIONS TO FEES AND FUNDING FOR CERTAIN SMALL BUSINESS 
              REFINANCING LOANS AND LOANS TO QUALIFIED STATE OR LOCAL 
              DEVELOPMENT COMPANIES.

    Title V of the Small Business Investment Act of 1958 (15 U.S.C. 695 
et seq.) is amended--
            (1) in section 502(7)(C) (15 U.S.C. 696(7)(C))--
                    (A) in clause (ii)--
                            (i) in subclause (I), by adding ``and'' at 
                        the end;
                            (ii) in subclause (II), by striking ``; 
                        and'' and inserting a period; and
                            (iii) by striking subclause (III); and
                    (B) in clause (v), by striking ``a total of 
                $7,500,000,000 of financing'' and inserting ``the total 
                amount described in section 511 in financing''; and
            (2) by adding at the end the following:

``SEC. 511. MAXIMUM FUNDING LEVEL.

    ``The Administrator may provide not more than a total, in the 
aggregate, of $15,000,000,000 for each fiscal year of financing to 
guarantee loans under section 503 and loans authorized under section 
502(7)(C).''.

SEC. 3. SUNSET.

    Effective on October 1, 2025, title V of the Small Business 
Investment Act of 1958 (15 U.S.C. 695 et seq.) is amended--
            (1) in section 502(7)(C) (15 U.S.C. 696(7)(C)), by striking 
        clause (v); and
            (2) by striking section 511, as added by section 2 of this 
        Act.
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504 Loan Availability Act
A bill to amend the Small Business Investment Act of 1958 to modify fees and funding for certain small business refinancing loans and loans to qualified State or local development companies, and for other purposes.
504 Loan Availability Act
Sen. Coons, Christopher A.