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Improving Small Business Loans: Study on Disbursement Process

This act mandates a study on how small business loans are disbursed, particularly in the Appalachian region. The goal is to identify issues and recommend changes to make these loans more accessible, faster to process, and more transparent for business owners. Ultimately, it aims to simplify financial support for small businesses, potentially boosting local economies.
Key points
Mandates a study on the small business loan disbursement process to improve efficiency.
Aims for faster and easier access to loans for small businesses.
Increased transparency for applicants regarding loan status and processing.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_3417
Sponsor: Sen. Justice, James C. [R-WV]
Process start date: 2025-12-10
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Main Street Lending Improvement Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_3417.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-12-10.

What are the main provisions?

Key points include:

  • Mandates a study on the small business loan disbursement process to improve efficiency.
  • Aims for faster and easier access to loans for small businesses.
  • Increased transparency for applicants regarding loan status and processing.
What is the specific legal status?

The current status is Introduced.

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. Justice, James C. [R-WV].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-11.

CATEGORIES

Economy