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Protecting Access to Credit for Small Businesses Act (S-2486) · Congress.wiki

Text Versions

Text as it was Introduced in Senate

July 28, 2025

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Senate Votes

Pending Committee

July 28, 2025

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

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United StatesSenate Bill 2486S 2486

Protecting Access to Credit for Small Businesses Act

Commerce

senate
house
president

Introduced July 28, 2025 by Tim Scott · Last progress July 28, 2025

AI Summary

Prohibits the Small Business Administration (SBA) from making any new direct loans under subsection (a) of section 7 of the Small Business Act, while requiring the SBA to continue servicing direct loans made under that authority before this law takes effect. Existing direct loan borrowers keep their loans and continued servicing, but no new direct 7(a) loans may be originated by the SBA after enactment.