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Referenced Laws
15 U.S.C. 632
15 U.S.C. 636(a)
15 U.S.C. 696(2)(A)(iii)
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Section 1
1. Short title This Act may be cited as the Made in America Manufacturing Finance Act.
Section 2
2. Definitions Section 3 of the Small Business Act (15 U.S.C. 632) is amended by adding at the end the following: The term small manufacturer means a small business concern— the primary business of which is classified in sector 31, 32, or 33 of the North American Industrial Classification System; and all of the production facilities of which are located in the United States. (gg)Small manufacturerThe term small manufacturer means a small business concern— (1)the primary business of which is classified in sector 31, 32, or 33 of the North American Industrial Classification System; and
(2)all of the production facilities of which are located in the United States..
Section 3
3. Small Business Act loan limits for small manufacturers Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is amended— in paragraph (3)— in subparagraph (A)— by inserting except as provided in subparagraph (B), before if the total; by striking would exceed $3,750,000 and inserting the following: would exceed— $3,750,000 in clause (i), as so designated, by striking , except as provided in subparagraph (B); and inserting ; or; and by adding at the end the following: in the case of a borrower that is a small manufacturer, $7,500,000 (or if the gross loan amount would exceed $10,000,000); in subparagraph (B)— by striking would exceed $4,500,000 and inserting the following: would exceed— $4,500,000 in clause (i), as so designated, by striking section 7(a)(14) for export purposes; and and inserting paragraph (14) for export purposes; or; and by adding at the end the following: in the case of a borrower that is a small manufacturer, $9,000,000 (or if the gross loan amount would exceed $10,000,000), of which not more than $8,000,000 may be used for working capital, supplies, or financings under paragraph (14) for export purposes; and in paragraph (14)(B)(i), by striking than $5,000,000. and inserting the following: than— except as provided in subclause (II), $5,000,000; or in the case of a loan made to a small manufacturer, $10,000,000. would exceed— (i)$3,750,000; (ii)in the case of a borrower that is a small manufacturer, $7,500,000 (or if the gross loan amount would exceed $10,000,000);; and would exceed—
(i)$4,500,000; (ii)in the case of a borrower that is a small manufacturer, $9,000,000 (or if the gross loan amount would exceed $10,000,000), of which not more than $8,000,000 may be used for working capital, supplies, or financings under paragraph (14) for export purposes; and; and than—
(I)except as provided in subclause (II), $5,000,000; or (II)in the case of a loan made to a small manufacturer, $10,000,000..
Section 4
4. Small Business Investment Act of 1958 loan limits for small manufacturers Section 502(2)(A)(iii) of the Small Business Investment Act of 1958 (15 U.S.C. 696(2)(A)(iii)) is amended by striking $5,500,000 and inserting $10,000,000.