To amend the Small Business Investment Act of 1958 to improve the loan guaranty program, enhance the ability of small manufacturers to access affordable capital, and for other purposes.
Sponsors
Legislative Progress
ReportedReported by Mr. Cardin, with an amendment
Reported by Mr. Cardin, with an amendment
Reported by Mr. Cardin, with an amendment
Reported by Mr. Cardin, with an amendment
Reported by Mr. Cardin, with an amendment
Reported by Mr. Cardin, with an amendment
Reported by Mr. Cardin, with an amendment
Reported by Mr. Cardin, with an amendment
Reported by Mr. Cardin, with an amendment
Reported by Mr. Cardin, with an amendment
Summary
What This Bill Does
Adds workforce development through work-based training as a policy goal for SBA 504 development company loans. Expands goals to include minority, employee, and women-owned businesses.
Who Benefits and How
Small manufacturers gain lending support for workforce training. Minority and women-owned businesses prioritized. Workforce development emphasized.
Who Bears the Burden and How
SBA must implement new program goals. Development companies assess training programs.
Key Provisions
- Adds workforce development as 504 program goal
- Requires 12-week training documentation
- Expands support for minority, employee, and women-owned businesses
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Modernizes SBA 504 loan program and adds workforce development goals
Policy Domains
Legislative Strategy
"Align 504 loans with workforce development and equity goals"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology