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Limits the number of for‑profit small business lending companies that may be authorized to make loans under section 7 of the Small Business Act to no more than 16 at any time, and requires the SBA Administrator to ensure that cap is maintained. The change is implemented by adding a new subsection to Section 23 of the Small Business Act. This does not appropriate funds or change loan terms; it only restricts how many such for‑profit lenders can be authorized to make those loans.
Introduced April 24, 2025 by Robert P. Bresnahan · Last progress 8 months ago
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.