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LIONs Act of 2024
Commerce
house
senate
president
Introduced on July 25, 2024 by
Shri Thanedar
Cosponsors
Legislation Details
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Last updated 10/16/2024
Amends the Small Business Act to increase the maximum loan amount for loans made under section 7(a).
Changes the maximum loan amount from $3,750,000 to $7,500,000.
Increases the threshold for gross loan amounts from $5,000,000 to $10,000,000.
Aims to support small businesses by providing access to larger loan amounts.