LIONs Act of 2025

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1893 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 1893

 To amend the Small Business Act and the Small Business Investment Act 
of 1958 to increase the maximum loan amount for certain loans, and for 
                            other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 5, 2025

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

_______________________________________________________________________

                                 A BILL


 
 To amend the Small Business Act and the Small Business Investment Act 
of 1958 to increase the maximum loan amount for certain loans, and for 
                            other purposes.

    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 
2025'' or the ``LIONs Act of 2025''.

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)''.

SEC. 3. MAXIMUM LOAN AMOUNT FOR A DEVELOPMENT COMPANY LOAN.

    Section 502(2)(A) of the Small Business Investment Act of 1958 (15 
U.S.C. 696(2)(A)) is amended--
            (1) by striking ``$5,000,000'' each place it appears and 
        inserting ``$10,000,000''; and
            (2) by striking ``$5,500,000'' each place it appears and 
        inserting ``$10,000,000''.
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