Bill Detail
H.R. 3174
Congress: 119
Title
Made in America Manufacturing Finance Act
Summary
Made in America Manufacturing Finance Act This bill increases the maximum loan amounts available to small manufacturers under the Small Business Administration's 7(a) and 504 loan programs. In particular, the bill generally doubles the maximum loan amount for small manufacturers under the 7(a) program and the bill increases the maximum loan amount for small manufacturers under the 504 program from $5.5 million to $10 million. Generally, 7(a) loans provide short- and long-term working capital which can be used for expenses such as operational needs. 504 loans provide financing for major fixed assets such as new facilities.
Sponsor
Rep. Roger Williams [R-TX-25]
Status
Committee on Small Business and Entrepreneurship. Hearings held.
Status as of Jul 23, 1:27 PM · synced 2h ago
Introduced
2025-05-01
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Bill Engagement
Made in America Manufacturing Finance Act This bill increases the maximum loan amounts available to small manufacturers under the Small Business Administration's 7(a) and 504 lo…