H.R. 414 · 118th Congress
Investing in Rural Manufacturing Act
- Stage
- In committee
- Sponsor
- Brad Finstad
- Introduced
- 2023-01-20
- Latest action
- 2023-01-20 · Introduced in House
Summary
Investing in Rural Manufacturing Act
This bill authorizes the Small Business Administration to make loans for certain costs to businesses that manufacture goods essential to critical infrastructure sectors in rural areas. Businesses that meet at least 75% of their job creation goals under such loans may receive partial loan forgiveness.