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504 Credit Risk Management Improvement Act of 2025 (S-2659) · Congress.wiki

Text Versions

Text as it was Introduced in Senate

August 1, 2025

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Sponsors (2)

Related Legislation

No Related Legislation

Amendments

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Committee Meetings (1)

Hearings to examine using the 504 program to build America's manufacturing future, including S.2659, to amend the Small Business Investment Act of 1958 to enhance the Office of Credit Risk Management, to require the Administrator of the Small Business Administration to issue rules relating to environmental obligations of certified development companies, S.2662, to amend the Small Business Investment Act of 1958 to improve the loan guaranty program, enhance the ability of small manufacturers to access affordable capital, and S.1555, to increase loan limits for loans made to small manufacturers.

Committee on Small Business and EntrepreneurshipRussell Senate Office Building, 428ASep 17, 2025 at 6:30 PM

House Votes

Vote Data Not Available

Senate Votes

Pending Committee

August 1, 2025 (7 months ago)

Read twice and referred to the Committee on Small Business and Entrepreneurship.

Presidential Signature

Signature Data Not Available

AI Summary

United StatesSenate Bill 2659S 2659

504 Credit Risk Management Improvement Act of 2025

Commerce

senate

Creates a new Office of Credit Risk Management inside the Small Business Administration to supervise certified development companies (CDCs), review loan files, analyze portfolio risk, enforce compliance (including civil penalties), and charge CDCs fees to cover oversight costs. Requires the SBA to define which CDCs are covered and to issue rules within 180 days explaining how those CDCs must follow the National Environmental Policy Act (NEPA), without changing NEPA itself.

house

president

Introduced August 1, 2025 by Todd Young · Last progress 7 months ago