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   &lt;pre&gt;[Congressional Record Volume 167, Number 39 (Tuesday, March 2, 2021)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Ms. CRAIG:H.R. 1490.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1``The Congress shall have Power to . . . provide for the .. . general Welfare of the United States; . . .''3[Page H1015]&lt;/pre&gt;
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     504 Modernization and Small Manufacturer Enhancement Act of 2021
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     On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 400 - 16 (Roll no. 116). (text: 04/14/2021 CR H1769-1770)
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     Considered as unfinished business. (consideration: CR H1834-1835)
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     At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
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     DEBATE - The House proceeded with forty minutes of debate on H.R. 1490.
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     Ms. Davids (KS) moved to suspend the rules and pass the bill.
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     Referred to the House Committee on Small Business.
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     Rep. Craig, Angie [D-MN-2]
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    <firstName>
     Angie
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    <lastName>
     Craig
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     MN
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    <lastName>
     Kim
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     R
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    <sponsorshipDate>
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     Rep. Chabot, Steve [R-OH-1]
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    <firstName>
     STEVE
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    <lastName>
     CHABOT
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    <party>
     R
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    <state>
     OH
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    <district>
     1
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    <sponsorshipDate>
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   <item>
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    <fullName>
     Rep. Taylor, Van [R-TX-3]
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    <firstName>
     Van
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    <lastName>
     Taylor
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    <party>
     R
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    <state>
     TX
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    <district>
     3
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    <sponsorshipDate>
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     Rep. Fitzpatrick, Brian K. [R-PA-1]
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    <firstName>
     Brian
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    <lastName>
     Fitzpatrick
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     R
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     PA
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    <middleName>
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    <sponsorshipDate>
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     Rep. Newman, Marie [D-IL-3]
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     Marie
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     Newman
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     D
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    <lastName>
     Tenney
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    <sponsorshipDate>
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     Rep. Cohen, Steve [D-TN-9]
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    <firstName>
     Steve
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    <lastName>
     Cohen
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     D
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     False
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  <policyArea>
   <name>
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  <subjects>
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     <name>
      Bank accounts, deposits, capital
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      Business records
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    <actionDesc>
     Introduced in House
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    <updateDate>
     2021-03-09T15:43:53Z
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    <text>
     &lt;p&gt;&lt;b&gt;504 Modernization and Small Manufacturer Enhancement Act of 2021&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill modifies the Small Business Administration (SBA) 504 Loan Program, which provides a small business with SBA financing&amp;#8212;through a certified development company (CDC) intermediary&amp;#8212;for expansion or modernization.&lt;/p&gt; &lt;p&gt;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.&lt;/p&gt; &lt;p&gt;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 and debt refinancing considerations. Further, each SBA district office must partner with a resource partner to provide certain training for small manufacturers. &lt;/p&gt;
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    <actionDesc>
     Passed House
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    <updateDate>
     2021-04-28T13:55:17Z
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     &lt;p&gt;&lt;b&gt;504 Modernization and Small Manufacturer Enhancement Act of 2021&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill modifies the Small Business Administration (SBA) 504 Loan Program, which provides a small business with SBA financing&amp;#8212;through a certified development company (CDC) intermediary&amp;#8212;for expansion or modernization.&lt;/p&gt; &lt;p&gt;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.&lt;/p&gt; &lt;p&gt;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 and debt refinancing considerations. Further, each SBA district office must partner with a resource partner to provide certain training for small manufacturers. &lt;/p&gt;
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   504 Modernization and Small Manufacturer Enhancement Act of 2021
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     To amend the Small Business Investment Act of 1958 to improve the loan guaranty program, enhance the ability of small manufacturers to access affordable capital, and for other purposes.
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   This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
  </dc:description>
 </dublinCore>
</billStatus>

2021-04-19
Small Business and Entrepreneurship Committee
sssb00
Senate
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
IntroReferral
H38310
2021-04-15
2
House floor actions
Motion to reconsider laid on the table Agreed to without objection.
Floor
H37300
2021-04-15
2
House floor actions
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 400 - 16 (Roll no. 116). (text: 04/14/2021 CR H1769-1770)
Floor
8000
2021-04-15
9
Library of Congress
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 400 - 16 (Roll no. 116).(text: 04/14/2021 CR H1769-1770)
Floor
H30000
2021-04-15
2
House floor actions
Considered as unfinished business. (consideration: CR H1834-1835)
Floor
H37220
2021-04-14
2
House floor actions
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Floor
H8D000
2021-04-14
2
House floor actions
DEBATE - The House proceeded with forty minutes of debate on H.R. 1490.
Floor
H30000
2021-04-14
2
House floor actions
Considered under suspension of the rules. (consideration: CR H1769-1772)
Floor
H30300
2021-04-14
2
House floor actions
Ms. Davids (KS) moved to suspend the rules and pass the bill.
Floor
H11100
2021-03-02
Small Business Committee
hssm00
2
House floor actions
Referred to the House Committee on Small Business.
IntroReferral
Intro-H
2021-03-02
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-03-02
9
Library of Congress
Introduced in House
IntroReferral
2021-04-19T21:36:43Z
Referred to
Senate
Small Business and Entrepreneurship Committee
sssb00
Standing
2021-03-02T14:05:45Z
Referred to
House
Small Business Committee
hssm00
Standing
K000397
39
Young
Rep. Kim, Young [R-CA-39]
Kim
R
2021-03-02
CA
D000629
3
Sharice
Rep. Davids, Sharice [D-KS-3]
Davids
D
2021-03-02
KS
C000266
1
STEVE
Rep. Chabot, Steve [R-OH-1]
CHABOT
R
2021-03-02
OH
T000479
3
Van
Rep. Taylor, Van [R-TX-3]
Taylor
R
2021-03-08
TX
F000466
1
Brian
Rep. Fitzpatrick, Brian K. [R-PA-1]
Fitzpatrick
K.
R
2021-03-08
PA
N000192
3
Marie
Rep. Newman, Marie [D-IL-3]
Newman
D
2021-03-09
IL
T000478
22
Claudia
Rep. Tenney, Claudia [R-NY-22]
Tenney
R
2021-03-16
NY
C001068
9
Steve
Rep. Cohen, Steve [D-TN-9]
Cohen
D
2021-03-16
TN
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-03-02
2021-04-19
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
House
Commerce
2021-06-24
Read twice and referred to the Committee on Small Business and Entrepreneurship.
CRS
Identical bill
504 Modernization and Small Manufacturer Enhancement Act of 2021
S
C001119
2
Angie
Rep. Craig, Angie [D-MN-2]
N
Craig
D
MN
Administrative remedies Bank accounts, deposits, capital Business records Congressional oversight Debt collection Economic development Employment and training programs Energy efficiency and conservation Financial services and investments Government lending and loan guarantees Lease and rental services Manufacturing Minority and disadvantaged businesses Performance measurement Small Business Administration Small business User charges and fees Vocational and technical education
2021-03-02
Introduced in House
 <p><b>504 Modernization and Small Manufacturer Enhancement Act of 2021</b></p> <p>This bill modifies the Small Business Administration (SBA) 504 Loan Program, which provides a small business with SBA financing&#8212;through a certified development company (CDC) intermediary&#8212;for expansion or modernization.</p> <p>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.</p> <p>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 and debt refinancing considerations. Further, each SBA district office must partner with a resource partner to provide certain training for small manufacturers. </p>
2021-03-09T15:43:53Z
00
2021-04-15
Passed House
 <p><b>504 Modernization and Small Manufacturer Enhancement Act of 2021</b></p> <p>This bill modifies the Small Business Administration (SBA) 504 Loan Program, which provides a small business with SBA financing&#8212;through a certified development company (CDC) intermediary&#8212;for expansion or modernization.</p> <p>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.</p> <p>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 and debt refinancing considerations. Further, each SBA district office must partner with a resource partner to provide certain training for small manufacturers. </p>
2021-04-28T13:55:17Z
53
2021-04-19T04:00:00Z
Referred in Senate
https://www.govinfo.gov/content/pkg/BILLS-117hr1490rfs/xml/BILLS-117hr1490rfs.xml
2021-04-15T04:00:00Z
Engrossed in House
https://www.govinfo.gov/content/pkg/BILLS-117hr1490eh/xml/BILLS-117hr1490eh.xml
2021-03-02T05:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr1490ih/xml/BILLS-117hr1490ih.xml
504 Modernization and Small Manufacturer Enhancement Act of 2021
504 Modernization and Small Manufacturer Enhancement Act of 2021
Display Title
EH
Engrossed in House
H
House
504 Modernization and Small Manufacturer Enhancement Act of 2021
Short Title(s) as Passed House
EH
Engrossed in House
To amend the Small Business Investment Act of 1958 to improve the loan guaranty program, enhance the ability of small manufacturers to access affordable capital, and for other purposes.
Official Title as Introduced
IH
Introduced in House
504 Modernization and Small Manufacturer Enhancement Act of 2021
Short Title(s) as Introduced
H
House
504 Modernization and Small Manufacturer Enhancement Act of 2021
Short Titles as Passed House
HR
2023-03-08T19:58:20Z
2023-03-08T19:58:20Z
3.0.0
2021-06-24
Read twice and referred to the Committee on Small Business and Entrepreneurship.
CRS
Identical bill
504 Modernization and Small Manufacturer Enhancement Act of 2021
S
2021-04-19
Small Business and Entrepreneurship Committee
sssb00
Senate
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
IntroReferral
H38310
2021-04-15
2
House floor actions
Motion to reconsider laid on the table Agreed to without objection.
Floor
H37300
2021-04-15
2
House floor actions
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 400 - 16 (Roll no. 116). (text: 04/14/2021 CR H1769-1770)
Floor
8000
2021-04-15
9
Library of Congress
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 400 - 16 (Roll no. 116).(text: 04/14/2021 CR H1769-1770)
Floor
H30000
2021-04-15
2
House floor actions
Considered as unfinished business. (consideration: CR H1834-1835)
Floor
H37220
2021-04-14
2
House floor actions
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Floor
H8D000
2021-04-14
2
House floor actions
DEBATE - The House proceeded with forty minutes of debate on H.R. 1490.
Floor
H30000
2021-04-14
2
House floor actions
Considered under suspension of the rules. (consideration: CR H1769-1772)
Floor
H30300
2021-04-14
2
House floor actions
Ms. Davids (KS) moved to suspend the rules and pass the bill.
Floor
H11100
2021-03-02
Small Business Committee
hssm00
2
House floor actions
Referred to the House Committee on Small Business.
IntroReferral
Intro-H
2021-03-02
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-03-02
9
Library of Congress
Introduced in House
IntroReferral
C001119
2
Angie
Rep. Craig, Angie [D-MN-2]
N
Craig
D
MN
K000397
39
Young
Rep. Kim, Young [R-CA-39]
Kim
R
2021-03-02
CA
D000629
3
Sharice
Rep. Davids, Sharice [D-KS-3]
Davids
D
2021-03-02
KS
C000266
1
STEVE
Rep. Chabot, Steve [R-OH-1]
CHABOT
R
2021-03-02
OH
T000479
3
Van
Rep. Taylor, Van [R-TX-3]
Taylor
R
2021-03-08
TX
F000466
1
Brian
Rep. Fitzpatrick, Brian K. [R-PA-1]
Fitzpatrick
K.
R
2021-03-08
PA
N000192
3
Marie
Rep. Newman, Marie [D-IL-3]
Newman
D
2021-03-09
IL
T000478
22
Claudia
Rep. Tenney, Claudia [R-NY-22]
Tenney
R
2021-03-16
NY
C001068
9
Steve
Rep. Cohen, Steve [D-TN-9]
Cohen
D
2021-03-16
TN
Administrative remedies Bank accounts, deposits, capital Business records Congressional oversight Debt collection Economic development Employment and training programs Energy efficiency and conservation Financial services and investments Government lending and loan guarantees Lease and rental services Manufacturing Minority and disadvantaged businesses Performance measurement Small Business Administration Small business User charges and fees Vocational and technical education
2021-03-02
Introduced in House
 <p><b>504 Modernization and Small Manufacturer Enhancement Act of 2021</b></p> <p>This bill modifies the Small Business Administration (SBA) 504 Loan Program, which provides a small business with SBA financing&#8212;through a certified development company (CDC) intermediary&#8212;for expansion or modernization.</p> <p>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.</p> <p>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 and debt refinancing considerations. Further, each SBA district office must partner with a resource partner to provide certain training for small manufacturers. </p>
2021-03-09T15:43:53Z
00
2021-04-15
Passed House
 <p><b>504 Modernization and Small Manufacturer Enhancement Act of 2021</b></p> <p>This bill modifies the Small Business Administration (SBA) 504 Loan Program, which provides a small business with SBA financing&#8212;through a certified development company (CDC) intermediary&#8212;for expansion or modernization.</p> <p>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.</p> <p>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 and debt refinancing considerations. Further, each SBA district office must partner with a resource partner to provide certain training for small manufacturers. </p>
2021-04-28T13:55:17Z
53
504 Modernization and Small Manufacturer Enhancement Act of 2021
504 Modernization and Small Manufacturer Enhancement Act of 2021
Display Title
EH
Engrossed in House
H
House
504 Modernization and Small Manufacturer Enhancement Act of 2021
Short Title(s) as Passed House
EH
Engrossed in House
To amend the Small Business Investment Act of 1958 to improve the loan guaranty program, enhance the ability of small manufacturers to access affordable capital, and for other purposes.
Official Title as Introduced
IH
Introduced in House
504 Modernization and Small Manufacturer Enhancement Act of 2021
Short Title(s) as Introduced
H
House
504 Modernization and Small Manufacturer Enhancement Act of 2021
Short Titles as Passed House
2021-04-19
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.