LIONs Act of 2024

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9176 Introduced in House (IH)]

<DOC>






118th CONGRESS
  2d Session
                                H. R. 9176

To amend the Small Business Act to increase the maximum loan amount for 
              a loan made under section 7(a) of such Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 25, 2024

    Mr. Thanedar (for himself, Mr. Alford, and Mr. Krishnamoorthi) 
 introduced the following bill; which was referred to the Committee on 
                             Small Business

_______________________________________________________________________

                                 A BILL


 
To amend the Small Business Act to increase the maximum loan amount for 
              a loan made under section 7(a) of such Act.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Loans In Our Neighborhoods Act of 
2024'' or the ``LIONs Act of 2024''.

SEC. 2. MAXIMUM LOAN AMOUNT FOR A 7(A) LOAN.

    Section 7(a)(3)(A) of the Small Business Act (15 U.S.C. 
636(a)(3)(A)) is amended by striking ``$3,750,000 (or if the gross loan 
amount would exceed $5,000,000)'' and inserting ``$7,500,000 (or if the 
gross loan amount would exceed $10,000,000)''.
                                 <all>