US Congress House Bill 4556 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on May 1 2014 - 25% progression, died in committee
Action: 2014-05-01 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Small Business Access to Capital Act of 2014 - Amends the Small Business Jobs Act of 2010 to extend for an additional eight fiscal years the State Small Business Credit Initiative to assist participating states to give collateral support and other innovative credit access and guarantee initiatives for small businesses and manufacturers. Prescribes allocations of federal funds to participating states. Authorizes the Secretary of the Treasury to award, on a competitive basis, up to a total of $1 billion in two tranches, according to specified criteria, to participating states and consortiums of participating states for use: (1) for making federal contributions to, or for the account of, an approved state program; and (2) as collateral for a qualifying loan or swap funding facility.

Small Business Access to Capital Act of 2014

Sen. Gary Peters [D-MI]	Rep. John Conyers [D-MI]	Rep. John Dingell [D-MI]	Rep. Daniel Kildee [D-MI]
Rep. Sander Levin [D-MI]	Rep. Maxine Waters [D-CA]

Date	Chamber	Action
2014-05-01	House	Referred to the House Committee on Financial Services.

SB2285 (Same As) 2014-05-01 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/4556/all-info
Text	https://www.congress.gov/113/bills/hr4556/BILLS-113hr4556ih.pdf