US Congress Senate Bill 4075 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on October 30 2020 - 100% progression
Action: 2020-10-30 - Became Public Law No: 116-192. (TXT | PDF)
Text: Latest bill text (Enrolled) [PDF]

Reduces reporting requirements for recipients of Revolving Loan Fund grants, which provide funds to capitalize lending programs for businesses that cannot obtain traditional bank financing. Specifically, upon request by a qualifying grantee, the Economic Development Administration (EDA) must release any federal interest in a grant—thereby relieving the grantee of associated federal reporting requirements—if the request is made at least seven years after the final disbursement of the original grant. Currently, the EDA may release the federal interest in a grant beginning 20 years after the grant was awarded.

RLF Act Reinvigorating Lending for the Future Act

Sen. Shelley Capito [R-WV]	Sen. Benjamin Cardin [D-MD]	Sen. Steve Daines [R-MT]	Sen. Jon Tester [D-MT]
Sen. Roger Wicker [R-MS]	Sen. Tim Kaine [D-VA]	Sen. Tina Smith [D-MN]	Sen. Jeff Merkley [D-OR]
Sen. Joni Ernst [R-IA]	Sen. Joe Manchin [D-WV]

Date	Chamber	Action
2020-10-30	Senate	Became Public Law No: 116-192. (TXT | PDF)
2020-10-30	Senate	Signed by President.
2020-10-20	Senate	Presented to President.
2020-10-01	House	Motion to reconsider laid on the table Agreed to without objection.
2020-10-01	House	On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H5189-5190)
2020-10-01	House	DEBATE - The House proceeded with forty minutes of debate on S. 4075.
2020-10-01	House	Considered under suspension of the rules. (consideration: CR H5189-5190)
2020-10-01	House	Mr. Carbajal moved to suspend the rules and pass the bill.
2020-08-14	House	Held at the desk.
2020-08-14	House	Received in the House.
2020-08-11	Senate	Message on Senate action sent to the House.
2020-08-06	Senate	Passed Senate without amendment by Unanimous Consent. (text: CR S5346)
2020-08-06	Senate	Senate Committee on Environment and Public Works discharged by Unanimous Consent. (consideration: CR S5346)
2020-06-25	Senate	Read twice and referred to the Committee on Environment and Public Works.

HB7388 (Same As) 2020-06-29 - Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/4075/all-info
Text	https://www.congress.gov/116/bills/s4075/BILLS-116s4075is.pdf
Text	https://www.congress.gov/116/bills/s4075/BILLS-116s4075es.pdf
Text	https://www.congress.gov/116/bills/s4075/BILLS-116s4075enr.pdf