United States 117th Congress Status: In Committee 1 D cosponsors

S 5057 — 504 Loan Availability Act

Last action — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 117th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

504 Loan Availability Act This bill temporarily combines the funding authorization for loans and refinancing loans under the Small Business Administration 504 loan program. The 504 loan program provides financing for major fixed assets through community-based Certified Development Companies (CDCs).

Bill Text

How this bill changes current law

7 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill modifies existing loan limit provisions and adds a new section for maximum funding levels, while also setting a sunset provision for certain elements.

  • 15 U.S.C. 696(7)(C)

    ``; and → ``and

    Removes the ending of the specified text to streamline the clause.

  • 15 U.S.C. 696(7)(C)

    ``; and → .

    Ends the clause with a period instead of a conjunction, indicating the end of the list.

  • 15 U.S.C. 696(7)(C)

    subclause (III)

    Eliminates the third subclause from clause (ii), reducing the complexity of the statutory provision.

  • 15 U.S.C. 696(7)(C)

    ``a total of $7,500,000,000 of financing'' → ``the total amount described in section 511 in financing''

    Changes the specific financial cap reference to a dynamic funding level specified in a new section.

  • ``SEC. 511. MAXIMUM FUNDING LEVEL. ``The Administrator may provide not more than a total, in the aggregate, of $15,000,000,000 for each fiscal year of financing to guarantee loans under section 503 and loans authorized under section 502(7)(C).''

    Introduces a new section establishing a maximum annual funding limit for loan guarantees.

  • 15 U.S.C. 696(7)(C)

    clause (v)

    Removes an existing clause that may have set a limit or regulation impacting financing structure.

  • 15 U.S.C. 695 et seq.

    section 511, as added by section 2 of this Act

    Establishes a sunset provision that will eliminate the new funding limit section after a specific date.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

Show all 546 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 5057 do?
504 Loan Availability Act This bill temporarily combines the funding authorization for loans and refinancing loans under the Small Business Administration 504 loan program. The 504 loan program provides financing for major fixed assets through community-based Certified Development Companies (CDCs).
Who sponsors S 5057?
S 5057 is sponsored by Coons, Christopher A. (Democratic).
What is the current status of S 5057?
This bill died with 117th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 5057?
Track S 5057 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on S 5057

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of S 5057

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →