April 10, 2025
Mr. Crow (for himself, Mr. Bacon, Mrs. Beatty, Mr. Carson, Mr. Case, Mr. Casten, Ms. Castor of Florida, Ms. Craig, Ms. Davids of Kansas, Mr. Fitzpatrick, Mr. Foster, Mr. Garbarino, Ms. Houlahan, Mrs. Kim, Mr. Landsman, Mr. Lieu, Mr. Mullin, Ms. Norton, Mr. Obernolte, Mr. Panetta, Mr. Peters, Ms. Pettersen, Mr. Schneider, Ms. Scholten, Ms. Schrier, Mr. Suozzi, Ms. Tokuda, Mr. Veasey, and Ms. Johnson of Texas) introduced the following bill; which was referred to the Committee on Small Business
To amend the Small Business Investment Act of 1958 to increase the maximum loan amount for certain loans.
Section 1. Short title
This Act may be cited as the Small Business Energy Loan Enhancement Act
.
Sec. 2. Increase in certain maximum loan amounts
(a) In general
Section 502(2)(A) of the Small Business Investment Act of 1958 (15 U.S.C. 696(2)(A)) is amended—
(1)
in clause (iv), by striking $5,500,000
and inserting $10,000,000
; and
(2)
in clause (v), by striking $5,500,000
and inserting $10,000,000
.
(b) Report
Not later than 1 year after the date of enactment of this Act, and annually thereafter, the Administrator of the Small Business Administration shall submit to Congress a report that details, for the year covered by the report, the industries and geographic areas with respect to which the Administrator has made loans under clauses (iv) and (v) of section 502(2)(A) of the Small Business Investment Act of 1958 (15 U.S.C. 696(2)(A)), as amended by subsection (a).