US Congress House Bill 8199 (Prior Session Legislation)

---

Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Engrossed on December 7 2020 - 50% progression, died in committee
Action: 2020-12-07 - Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Engrossed) [PDF]

Revises the duties of the Office of Credit Risk Management to include oversight of a certified development company (CDC) that participates in the 504 Loan Program of the Small Business Administration (SBA), and it requires the SBA to issue rules related to certain environmental requirements. The 504 Loan Program provides a small business with SBA financing—through a CDC intermediary—for expansion or modernization. Specifically, the bill requires the office to oversee any CDC that participates in the program and to conduct file reviews with respect to loan closings under the program. Further, the bill authorizes the office to take formal and informal enforcement actions against a CDC for specified violations and to charge each CDC a fee. The SBA must issue rules to clarify the procedures necessary for an eligible CDC to comply with certain environmental requirements.

504 Credit Risk Management Improvement Act of 2020

Rep. Dan Bishop [R-NC]

Rep. Angela Craig [D-MN]

Rep. Antonio Delgado [D-NY]

Date	Chamber	Action
2020-12-07	Senate	Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
2020-12-03	House	Motion to reconsider laid on the table Agreed to without objection.
2020-12-03	House	On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6076-6077)
2020-12-03	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 8199.
2020-12-03	House	Considered under suspension of the rules. (consideration: CR H6076-6078)
2020-12-03	House	Ms. Velazquez moved to suspend the rules and pass the bill, as amended.
2020-09-16	House	Ordered to be Reported by Voice Vote.
2020-09-16	House	Committee Consideration and Mark-up Session Held.
2020-09-11	House	Referred to the House Committee on Small Business.
2020-09-11	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/8199/all-info
Text	https://www.congress.gov/116/bills/hr8199/BILLS-116hr8199ih.pdf
Text	https://www.congress.gov/116/bills/hr8199/BILLS-116hr8199eh.pdf