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Increased Loans for Tech Businesses and Capital Access Report.

This act raises loan limits for small businesses involved in critical technology research, development, and manufacturing. This aims to support innovative enterprises in the U.S. Additionally, it mandates a report on how inflation and supply chain issues affect small businesses' access to capital.
Key points
Increased loan limits for small technology businesses to $7.5 million, potentially boosting their growth and job creation.
Requirement for reporting foreign ownership of companies seeking larger loans, enhancing transparency.
Mandate for a report on the impact of inflation and supply chain disruptions on small business access to funding, which could lead to further support measures.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_7678
Sponsor: Rep. Fitzgerald, Scott [R-WI-5]
Process start date: 2022-05-06
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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

American Small Business Competition Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7678.

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 2022-05-06.

What are the main provisions?

Key points include:

  • Increased loan limits for small technology businesses to $7.5 million, potentially boosting their growth and job creation.
  • Requirement for reporting foreign ownership of companies seeking larger loans, enhancing transparency.
  • Mandate for a report on the impact of inflation and supply chain disruptions on small business access to funding, which could lead to further support measures.
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. Fitzgerald, Scott [R-WI-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

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

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Economy Public Investments