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     Introduced in House
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    <text>
     &lt;p&gt;&lt;b&gt;504 Credit Risk Management Improvement Act of 2021&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill revises the duties of the Office of Credit Risk Management to include oversight of a certified development company (CDC) that participates in the 504 Loan Program of the Small Business Administration (SBA), and it requires the SBA to issue rules related to certain environmental requirements. The 504 Loan Program provides a small business with SBA financing&amp;#8212;through a CDC intermediary&amp;#8212;for expansion or modernization.&lt;/p&gt; &lt;p&gt;Specifically, the bill requires the office to oversee any CDC that participates in the program and to conduct file reviews with respect to loan closings under the program. Further, the bill authorizes the office to take formal and informal enforcement actions against a CDC for specified violations and to charge each CDC a fee.&lt;/p&gt; &lt;p&gt;The SBA must issue rules to clarify the procedures necessary for an eligible CDC to comply with certain environmental requirements. &lt;/p&gt;
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     Passed House
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     2021-04-27T15:48:38Z
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     &lt;p&gt;&lt;b&gt;504 Credit Risk Management Improvement Act of 2021&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill revises the duties of the Office of Credit Risk Management to include oversight of a certified development company (CDC) that participates in the 504 Loan Program of the Small Business Administration (SBA), and it requires the SBA to issue rules related to certain environmental requirements. The 504 Loan Program provides a small business with SBA financing&amp;#8212;through a CDC intermediary&amp;#8212;for expansion or modernization.&lt;/p&gt; &lt;p&gt;Specifically, the bill requires the office to oversee any CDC that participates in the program and to conduct file reviews with respect to loan closings under the program. Further, the bill authorizes the office to take formal and informal enforcement actions against a CDC for specified violations and to charge each CDC a fee.&lt;/p&gt; &lt;p&gt;The SBA must issue rules to clarify the procedures necessary for an eligible CDC to comply with certain environmental requirements. &lt;/p&gt;
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  <title>
   504 Credit Risk Management Improvement Act of 2021
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     To amend the Small Business Act to enhance the Office of Credit Risk Management, to require the Administrator of the Small Business Administration to issue rules relating to environmental obligations of certified development companies, and for other purposes.
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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
2021-04-16
2
House floor actions
Motion to reconsider laid on the table Agreed to without objection.
Floor
H37300
2021-04-16
2
House floor actions
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 8 (Roll no. 119). (text: 04/14/2021 CR H1772-1773)
Floor
8000
2021-04-16
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): 411 - 8 (Roll no. 119).(text: 04/14/2021 CR H1772-1773)
Floor
H30000
2021-04-16
2
House floor actions
Considered as unfinished business. (consideration: CR H1872-1873)
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. 1482.
Floor
H30000
2021-04-14
2
House floor actions
Considered under suspension of the rules. (consideration: CR H1772-1775)
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
2021-04-19T20:48:06Z
Referred to
Senate
Small Business and Entrepreneurship Committee
sssb00
Standing
2021-03-02T14:06:25Z
Referred to
House
Small Business Committee
hssm00
Standing
C001119
2
Angie
Rep. Craig, Angie [D-MN-2]
Craig
D
2021-03-02
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
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.
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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 Credit Risk Management Improvement Act of 2021
S
B001311
9
Dan
Rep. Bishop, Dan [R-NC-9]
N
Bishop
R
NC
Administrative law and regulatory procedures Administrative remedies Banking and financial institutions regulation Business records Environmental assessment, monitoring, research Financial services and investments Small Business Administration Small business User charges and fees
2021-03-02
Introduced in House
 <p><b>504 Credit Risk Management Improvement Act of 2021</b></p> <p>This bill revises the duties of the Office of Credit Risk Management to include oversight of a certified development company (CDC) that participates in the 504 Loan Program of the Small Business Administration (SBA), and it requires the SBA to issue rules related to certain environmental requirements. The 504 Loan Program provides a small business with SBA financing&#8212;through a CDC intermediary&#8212;for expansion or modernization.</p> <p>Specifically, the bill requires the office to oversee any CDC that participates in the program and to conduct file reviews with respect to loan closings under the program. Further, the bill authorizes the office to take formal and informal enforcement actions against a CDC for specified violations and to charge each CDC a fee.</p> <p>The SBA must issue rules to clarify the procedures necessary for an eligible CDC to comply with certain environmental requirements. </p>
2021-03-09T15:51:24Z
00
2021-04-16
Passed House
 <p><b>504 Credit Risk Management Improvement Act of 2021</b></p> <p>This bill revises the duties of the Office of Credit Risk Management to include oversight of a certified development company (CDC) that participates in the 504 Loan Program of the Small Business Administration (SBA), and it requires the SBA to issue rules related to certain environmental requirements. The 504 Loan Program provides a small business with SBA financing&#8212;through a CDC intermediary&#8212;for expansion or modernization.</p> <p>Specifically, the bill requires the office to oversee any CDC that participates in the program and to conduct file reviews with respect to loan closings under the program. Further, the bill authorizes the office to take formal and informal enforcement actions against a CDC for specified violations and to charge each CDC a fee.</p> <p>The SBA must issue rules to clarify the procedures necessary for an eligible CDC to comply with certain environmental requirements. </p>
2021-04-27T15:48:38Z
53
2021-04-19T04:00:00Z
Referred in Senate
https://www.govinfo.gov/content/pkg/BILLS-117hr1482rfs/xml/BILLS-117hr1482rfs.xml
2021-04-16T04:00:00Z
Engrossed in House
https://www.govinfo.gov/content/pkg/BILLS-117hr1482eh/xml/BILLS-117hr1482eh.xml
2021-03-02T05:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr1482ih/xml/BILLS-117hr1482ih.xml
504 Credit Risk Management Improvement Act of 2021
504 Credit Risk Management Improvement Act of 2021
Display Title
IH
Introduced in House
504 Credit Risk Management Improvement Act of 2021
Short Title(s) as Introduced
EH
Engrossed in House
H
House
504 Credit Risk Management Improvement Act of 2021
Short Title(s) as Passed House
EH
Engrossed in House
To amend the Small Business Act to enhance the Office of Credit Risk Management, to require the Administrator of the Small Business Administration to issue rules relating to environmental obligations of certified development companies, and for other purposes.
Official Title as Introduced
H
House
504 Credit Risk Management Improvement 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 Credit Risk Management Improvement 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
2021-04-16
2
House floor actions
Motion to reconsider laid on the table Agreed to without objection.
Floor
H37300
2021-04-16
2
House floor actions
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 8 (Roll no. 119). (text: 04/14/2021 CR H1772-1773)
Floor
8000
2021-04-16
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): 411 - 8 (Roll no. 119).(text: 04/14/2021 CR H1772-1773)
Floor
H30000
2021-04-16
2
House floor actions
Considered as unfinished business. (consideration: CR H1872-1873)
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. 1482.
Floor
H30000
2021-04-14
2
House floor actions
Considered under suspension of the rules. (consideration: CR H1772-1775)
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
B001311
9
Dan
Rep. Bishop, Dan [R-NC-9]
N
Bishop
R
NC
C001119
2
Angie
Rep. Craig, Angie [D-MN-2]
Craig
D
2021-03-02
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
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 law and regulatory procedures Administrative remedies Banking and financial institutions regulation Business records Environmental assessment, monitoring, research Financial services and investments Small Business Administration Small business User charges and fees
2021-03-02
Introduced in House
 <p><b>504 Credit Risk Management Improvement Act of 2021</b></p> <p>This bill revises the duties of the Office of Credit Risk Management to include oversight of a certified development company (CDC) that participates in the 504 Loan Program of the Small Business Administration (SBA), and it requires the SBA to issue rules related to certain environmental requirements. The 504 Loan Program provides a small business with SBA financing&#8212;through a CDC intermediary&#8212;for expansion or modernization.</p> <p>Specifically, the bill requires the office to oversee any CDC that participates in the program and to conduct file reviews with respect to loan closings under the program. Further, the bill authorizes the office to take formal and informal enforcement actions against a CDC for specified violations and to charge each CDC a fee.</p> <p>The SBA must issue rules to clarify the procedures necessary for an eligible CDC to comply with certain environmental requirements. </p>
2021-03-09T15:51:24Z
00
2021-04-16
Passed House
 <p><b>504 Credit Risk Management Improvement Act of 2021</b></p> <p>This bill revises the duties of the Office of Credit Risk Management to include oversight of a certified development company (CDC) that participates in the 504 Loan Program of the Small Business Administration (SBA), and it requires the SBA to issue rules related to certain environmental requirements. The 504 Loan Program provides a small business with SBA financing&#8212;through a CDC intermediary&#8212;for expansion or modernization.</p> <p>Specifically, the bill requires the office to oversee any CDC that participates in the program and to conduct file reviews with respect to loan closings under the program. Further, the bill authorizes the office to take formal and informal enforcement actions against a CDC for specified violations and to charge each CDC a fee.</p> <p>The SBA must issue rules to clarify the procedures necessary for an eligible CDC to comply with certain environmental requirements. </p>
2021-04-27T15:48:38Z
53
504 Credit Risk Management Improvement Act of 2021
504 Credit Risk Management Improvement Act of 2021
Display Title
IH
Introduced in House
504 Credit Risk Management Improvement Act of 2021
Short Title(s) as Introduced
EH
Engrossed in House
H
House
504 Credit Risk Management Improvement Act of 2021
Short Title(s) as Passed House
EH
Engrossed in House
To amend the Small Business Act to enhance the Office of Credit Risk Management, to require the Administrator of the Small Business Administration to issue rules relating to environmental obligations of certified development companies, and for other purposes.
Official Title as Introduced
H
House
504 Credit Risk Management Improvement 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.