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Bill · 119th Congress · S 1555
Made in America Manufacturing Finance Act of 2025
Refreshed 2 h ago
Introduced 2025-05-01Topic: economy jobs · budgetSummary
AI-generated summary, report an errorThis bill defines a "small manufacturer" as a small business whose main business is manufacturing and whose production facilities are all in the United States. It raises the maximum amount the Small Business Administration can guarantee on 7(a) loans to small manufacturers, from $3,750,000 to $7,500,000, and from $4,500,000 to $9,000,000 for certain loans. It also raises the limit on certain 504 program loans from $5,500,000 to $10,000,000. The SBA Inspector General must study default rates and risk for these larger loans within 2 years. The SBA must report to Congress each year for five years on the jobs created or kept by small manufacturers that receive larger loans.
Sponsors
- Joni Ernst Republican sponsor
- 6 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-05-13 | Senate | Committee on Small Business and Entrepreneurship. Hearings held. | refer |
| 2026-03-11 | Senate | Committee on Small Business and Entrepreneurship. Hearings held. | refer |
| 2026-01-14 | Senate | Committee on Small Business and Entrepreneurship. Hearings held. | refer |
| 2025-09-17 | Senate | Committee on Small Business and Entrepreneurship. Hearings held. | refer |
| 2025-07-29 | Senate | Placed on Senate Legislative Calendar under General Orders. Calendar No. 130. | |
| 2025-07-29 | Senate | Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report. | refer |
| 2025-07-29 | Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report. | report | |
| 2025-07-16 | Senate | Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably. | refer |
| 2025-05-21 | Senate | Committee on Small Business and Entrepreneurship. Hearings held. | refer |
| 2025-05-14 | Senate | Committee on Small Business and Entrepreneurship. Hearings held. | refer |
| 2025-05-01 | Senate | Read twice and referred to the Committee on Small Business and Entrepreneurship. | refer |
| 2025-05-01 | Introduced in Senate | introduce |