arrow_back Civic Audit
Share share

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 notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 117_HR_7678
Sponsor: Rep. Fitzgerald, Scott [R-WI-5]
Process start date: 2022-05-06
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Public Investments