H.R. 7874 · 117th Congress
SSBCI Improvement Act
- Stage
- In committee
- Sponsor
- Dean Phillips
- Introduced
- 2022-05-24
- Latest action
- 2022-05-24 · Introduced in House
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.