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Boosting Small Business Loans in Underserved Communities.

This bill aims to make it easier for small businesses, especially those in areas lacking financial resources, to get loans and funding. It establishes a Coordinator within the Small Business Administration (SBA) to strengthen local lenders (Community Financial Institutions). This effort is designed to promote local job creation and economic growth in underserved communities.
Key points
Establishes a dedicated Coordinator within the SBA to focus solely on supporting local lenders (Community Financial Institutions).
The primary goal is to increase the availability of capital and loans for small businesses operating in underserved communities.
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Expired
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Additional Information
Print number: 118_S_2099
Sponsor: Sen. Hickenlooper, John W. [D-CO]
Process start date: 2023-06-21
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Supporting Community Lenders Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_2099.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-06-21.

What are the main provisions?

Key points include:

  • Establishes a dedicated Coordinator within the SBA to focus solely on supporting local lenders (Community Financial Institutions).
  • The primary goal is to increase the availability of capital and loans for small businesses operating in underserved communities.
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 Sen. Hickenlooper, John W. [D-CO].

What is the latest detailed status?

The latest detailed status is: Placed on Senate Legislative Calendar under General Orders. Calendar No. 170.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

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