United States 116th Congress Status: Died 1 R cosponsors

HR 8199 — 504 Credit Risk Management Improvement Act of 2020

Last action — Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 116th 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

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.

Bill Text

We don't have the full text on file for this bill yet.

Read HR 8199 on the official United States source →

Action History

  1. Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

  2. Motion to reconsider laid on the table Agreed to without objection.

  3. On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6076-6077)

  4. DEBATE - The House proceeded with forty minutes of debate on H.R. 8199.

  5. Considered under suspension of the rules. (consideration: CR H6076-6078)

  6. Ms. Velazquez moved to suspend the rules and pass the bill, as amended.

  7. Ordered to be Reported by Voice Vote.

  8. Committee Consideration and Mark-up Session Held.

  9. Referred to the House Committee on Small Business.

  10. Introduced in House

Sponsors

Sponsorship breakdown

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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.

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"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.

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Subjects

Commerce Administrative law and regulatory procedures Administrative remedies Banking and financial institutions regulation Business records Financial services and investments Small Business Administration Small business User charges and fees
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Frequently asked questions

What does HR 8199 do?
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.
Who sponsors HR 8199?
HR 8199 is sponsored by Dan Bishop (R).
What is the current status of HR 8199?
This bill died with 116th 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 HR 8199?
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Last checked for changes about 12 hours ago · updated continuously

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