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Easier Loan Access for Cooperatives: Supporting Small Businesses.

This act aims to make it easier for cooperatives to access financing from small business programs. It changes rules regarding personal guarantees, potentially opening the door to safer and more affordable loans. This will allow cooperatives, which are often more resilient to economic downturns, to grow more easily and create jobs, positively impacting local economies.
Key points
Cooperatives will have easier access to government loans as the personal guarantee requirement will be eased or removed.
The Small Business Administration (SBA) will need to adjust its rules to better support cooperatives in obtaining financing.
Collaboration between government agencies will be strengthened to promote and support the development of cooperatives in the U.S.
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Expired
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Additional Information
Print number: 117_HR_6317
Sponsor: Rep. Neguse, Joe [D-CO-2]
Process start date: 2021-12-16
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Capital for Cooperatives Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6317.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-12-16.

What are the main provisions?

Key points include:

  • Cooperatives will have easier access to government loans as the personal guarantee requirement will be eased or removed.
  • The Small Business Administration (SBA) will need to adjust its rules to better support cooperatives in obtaining financing.
  • Collaboration between government agencies will be strengthened to promote and support the development of cooperatives in the U.S.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Neguse, Joe [D-CO-2].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Agriculture