HB10375: 504 Modernization and Small Manufacturer Enhancement Act of 2026
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
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.
Plain-language summary
This bill updates the Small Business Investment Act of 1958, a federal law that helps small businesses get loans by having the government guarantee to repay lenders if borrowers default. The legislation aims to improve this loan guarantee program and make it easier for small manufacturers to access affordable capital, or money they can borrow at reasonable interest rates. The bill was introduced in Congress and is currently in the early stage of the legislative process. It has bipartisan support from sponsors in both parties. The exact changes are not detailed in the bill's description, so specific modifications would be found in the full text.
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HB10375: 504 Modernization and Small Manufacturer Enhancement Act of 2026
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Sponsors
Nydia Velazquez
Primary SponsorCo-sponsors (3)
Roger Williams
Derek Tran
Gil Cisneros