| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 1893 |
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| 5 | 5 | | To amend the Small Business Act and the Small Business Investment Act |
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| 6 | 6 | | of 1958 to increase the maximum loan amount for certain loans, and |
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| 7 | 7 | | for other purposes. |
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| 8 | 8 | | IN THE HOUSE OF REPRESENTATIVES |
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| 9 | 9 | | MARCH5, 2025 |
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| 10 | 10 | | Mr. T |
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| 11 | 11 | | HANEDAR(for himself and Mr. ALFORD) introduced the following bill; |
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| 12 | 12 | | which was referred to the Committee on Small Business |
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| 13 | 13 | | A BILL |
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| 14 | 14 | | To amend the Small Business Act and the Small Business |
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| 15 | 15 | | Investment Act of 1958 to increase the maximum loan |
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| 16 | 16 | | amount for certain loans, and for other purposes. |
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| 17 | 17 | | Be it enacted by the Senate and House of Representa-1 |
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| 18 | 18 | | tives of the United States of America in Congress assembled, 2 |
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| 19 | 19 | | SECTION 1. SHORT TITLE. 3 |
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| 20 | 20 | | This Act may be cited as the ‘‘Loans In Our Neigh-4 |
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| 21 | 21 | | borhoods Act of 2025’’ or the ‘‘LIONs Act of 2025’’. 5 |
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| 22 | 22 | | SEC. 2. MAXIMUM LOAN AMOUNT FOR A 7(a) LOAN. 6 |
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| 23 | 23 | | Section 7(a)(3)(A) of the Small Business Act (15 7 |
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| 24 | 24 | | U.S.C. 636(a)(3)(A)) is amended by striking ‘‘$3,750,000 8 |
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| 25 | 25 | | (or if the gross loan amount would exceed $5,000,000)’’ 9 |
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| 26 | 26 | | VerDate Sep 11 2014 09:33 Mar 19, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1893.IH H1893 |
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| 27 | 27 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 28 | 28 | | •HR 1893 IH |
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| 29 | 29 | | and inserting ‘‘$7,500,000 (or if the gross loan amount 1 |
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| 30 | 30 | | would exceed $10,000,000)’’. 2 |
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| 31 | 31 | | SEC. 3. MAXIMUM LOAN AMOUNT FOR A DEVELOPMENT 3 |
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| 32 | 32 | | COMPANY LOAN. 4 |
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| 33 | 33 | | Section 502(2)(A) of the Small Business Investment 5 |
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| 34 | 34 | | Act of 1958 (15 U.S.C. 696(2)(A)) is amended— 6 |
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| 35 | 35 | | (1) by striking ‘‘$5,000,000’’ each place it ap-7 |
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| 36 | 36 | | pears and inserting ‘‘$10,000,000’’; and 8 |
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| 37 | 37 | | (2) by striking ‘‘$5,500,000’’ each place it ap-9 |
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| 38 | 38 | | pears and inserting ‘‘$10,000,000’’. 10 |
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| 39 | 39 | | Æ |
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| 40 | 40 | | VerDate Sep 11 2014 09:33 Mar 19, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H1893.IH H1893 |
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| 41 | 41 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
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