H.R. 7874 · 117th Congress · House

SSBCI Improvement Act

Active· Referred to the House Committee on Financial Services.
Introduced
May 24, 22
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

SSBCI Improvement Act

This bill modifies how funds are transferred to (and recouped from) states under the State Small Business Credit Initiative. For example, if a state's allocated amount is less than or equal to $1,000,000 the Department of the Treasury must provide the full amount in a single transfer.